24 MAC Pt. 1, R. 8.1.8
INCOME:
Cite as 24 Miss. Admin. Code Pt. 1, R. 8.1.8
INCOME:
In determining a person's or family's income, the following definition will be used:
A.
Income includes the total annual cash receipts before taxes from all sources, with the
exceptions noted below.
B.
Income includes money wages and salaries before any deductions; net receipts from
non-farm self employment (receipts from a person’s own unincorporated business,
professional enterprise, or partnership, after deductions for business expenses); net
receipts from farm self-employment (receipts from a farm which one operates as an
owner, renter, or sharecropper, after deductions for farm operating expenses); regular
payments from unemployment compensation, strike benefits from union funds,
workers’ compensation, public assistance (Aid to Families with Dependent Children or
Temporary Assistance for Needy Families, and non-federally funded General
Assistance or General Relief money payments, and training stipends), alimony, child
support, and military family allotment or other regular support from an absent family
member or someone not living at the household; and regular insurance or annuity
payments; college or university scholarships, grants, fellowships, and assistantships;
and dividends, interest, net rental income, net royalties, periodic receipts from estates
or trusts, and net gambling or lottery winnings.
C.
Income does not include the following types of money received: capital gains; any
assets drawn down as withdrawals from a bank, the sale of property, a house, or a car;
or tax refunds, gifts, loans, lump-sum inheritances, one time insurance payments, or
compensation for injury. Also excluded are non-cash benefits, such as the employer
paid or union paid portion of health insurance or other employee fringe benefits, food
or housing received in lieu of wages, the value of food and fuel produced and
consumed on farms, the imputed value of rent from owner occupied non-farm or farm
housing, and such federal non-cash benefit programs such as Medicare, Medicaid, food
stamps, school lunches, and housing assistance.
D.
Income received from the following sources are not subject to the discounted rate:
regular payments received from social security, railroad retirement, veterans payments,
supplemental security income, private pensions, government employee pensions
(including military retirement pay). The ability to pay for persons receiving income
from any of these sources will be determined on a case by case basis.
E.
Any item of income which does not fit within any of the categories listed for inclusion
or exclusion in this definition will be evaluated on a case by case basis to determine
whether such income should be included or excluded.