405 IAC 8-2-12 - "Income" defined

Authority: IC 12-10-16-5

Affected: IC 12-10-16

Sec. 12.

"Income" means the amount of money or its equivalent received as follows:

(1) In exchange for or as a result of labor or services.

(2) From the sale of goods or property.

(3) As profits from financial investments.

Notes

405 IAC 8-2-12

Office of the Secretary of Family and Social Services; 405 IAC 8-2-12; filed Mar 29, 2006, 2:19 p.m.: 29 IR 2528; readopted filed Jun 18, 2012, 11:19 a.m.: 20120718-IR-405120201RFA Readopted filed 4/9/2018, 9:12 a.m.: 20180509-IR-405180110RFA Readopted filed 10/16/2024, 11:20 a.m.: 20241113-IR-405230817RFA