18 Miss. Code. R. 14-30.13 - Calculating Net Income and Benefit Levels
A. In determining
net income, MDHS will:
1. Add the gross
monthly earned and unearned income of all household members minus the income
exclusions to determine the household's total gross income.
2. Multiply the total gross earned income by
20 percent and subtract that amount to determine the net monthly earned
income.
3. Add to net monthly
earned income the total average monthly unearned income of all household
members, minus exclusions.
4.
Subtract the standard deduction.
5.
If the household is entitled to a medical deduction, subtract the portion that
exceeds $35.
6. Subtract allowable
monthly dependent care expenses, if any.
7. Subtract allowable monthly child support
payments.
8. Subtract the homeless
shelter deduction, if any.
9. Total
the allowable shelter expenses to determine shelter costs unless a deduction
has been subtracted. Subtract from total shelter costs 50 percent of the
household's monthly income after all the deductions previously mentioned have
been subtracted. The remaining amount, if any, is the excess shelter cost. If
there is no excess shelter cost, then the net monthly income has been
determined.
10. If there is excess
shelter cost, subtract the excess shelter deduction.
B. In determining a household's monthly
benefit amount, multiply the net monthly income by 30% and round up to the
nearest higher dollar amount.
Notes
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