Income (BCAP) 400-29-60

(Revised 2/02 ML #2785)

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IM 5094

 

Income is the gain or benefit, earned or unearned, derived from labor, business, capital or property that is received or is available to the individual.

 

Earned income is defined as income earned through the receipt of wages, salaries, commissions, or profit from activities in which an individual is engaged through employment or self-employment. Earned income must entail personal involvement and effort on the part of the applicant or recipient. The household must verify all income.

 

Unearned income is income not gained by current labor, service, or skill. The types of unearned income include but are not limited to Social Security benefits (Social Security Income (SSI), Social Security Disability benefits, Social Security Survivors benefits), Veterans benefits, private pensions, Workman’s Compensation, rental income, and dividends and interest income.