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The customer takes on an extra shift that is outside of her normal work hours. She reports that this is recurring, and happens every other week. The customer is paid weekly, and she provided 4 weekly paychecks. The gross pay for each of the checks were:
check 1 = $300.00
check 2 = $450.00
check 3 = $300.00
check 4 = $450.00
To determine the monthly amount to budget for a MAGI program:
Add all the pay amounts for the income period ($300 + $450 + $300 + $450) = $1,500
Divide by the amount of total number of pay periods ($1,500 divided by 4) = $375
Multiply by 4.3 because she is paid weekly ($375 x 4.3) = $1,612.50 (average monthly amount including the bonus)
The customer is asked to take on an extra shift for a co-worker who has called out sick. She reports that this is an unusual circumstance. The customer is paid weekly, and she provided 4 weekly paychecks. A call to the employer verifies that the customer normally works 30-35 hours per week and the additional hours worked in week 3 were unusual. The hours and gross pays provided were:
check 1 = 32 hours $480
check 2 = 30 hours $450
check 3 = 40 hours $600
check 4 = 34 hours $510
To determine the monthly amount to budget for a MAGI program:
Add all the pay amounts for the income period that are included in the normal range of hours verified by the employer, not using the usual pay ($480 + $450 + $510) = $1,440
Divide by the amount of total number of checks used ($1,440 divided by 3) = $480
Multiply by 4.3 because she is paid weekly ($480 x 4.3) = $2,064 (average monthly amount excluding the unusual pay)
The customer receives a one-time bonus. She reports that this is unusual, and the employer verified that this was a one-time occurrence. The customer is paid weekly, and she provided 4 weekly paychecks. The gross pay for each of the checks were:
check 1 = $600.00
check 2 = $625.00
check 3 = $1,300.00 (Includes the $700 Bonus)
check 4 = $600.00
To determine the monthly amount to budget for a MAGI program:
Add all the pay amounts for the income period subtracting the bonus amount ($600 + $625 + $600 + 600) = $2,425.00
Divide by the amount of total number of pay periods ($2,425 divided by 4) = $606.25
Multiply by 4.3 because she is paid weekly ($606.25 x 4.3) = $2,606.88 (average monthly amount excluding the bonus)
The customer reports that she had a special project at her work and worked an extra seven hours during her last four checks, but this is unusual and will not continue. A call to the employer confirms that she will no longer work the extra hours and her normal pay is 33 hours a week at $15 an hour. She is paid weekly and provided a copy of her last four checks. The gross pay for each of the checks were:
check 1 = $600.00
check 2 = $600.00
check 3 = $600.00
check 4 = $600.00
Because all checks can’t be used to determine the ongoing income, use the statement from the employer to project income for future months. To determine the monthly amount to budget for a MAGI program:
Multiply the number of normal hours by the hourly pay (33 x $15) = $495.
Multiply by 4.3 because she is paid weekly ($495 x 4.3) = $2,128.50