Ill. Admin. Code tit. 89, § 120.330 - Unearned Income
a) All
currently available, unearned income which is not specified as exempt shall be
considered in the determination of eligibility.
b) Unearned income is all income other than
that received in the form of salary for services performed as an employee or
profits from self-employment. Unearned income includes any amount of interest
earned from assets disregarded by Section
120.382(a)(3) and
(a)(4).
c) When the amount of unearned income to be
considered is determined, the cents are dropped from each payment
amount.
d) For payments received
weekly, the weekly amount is multiplied by 4.33 to determine the countable
monthly income.
e) For payments
received bi-weekly, the bi-weekly amount is multiplied by 2.16 to determine the
countable monthly income.
Notes
Amended at 21 Ill. Reg. 13638, effective October 1, 1997
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