§120.361. Budgeting Earned Income

Latest version.

a)         Budgeting is the method by which nonexempt income is compared to the applicable MANG Standard (as contained in Sections 120.20, 120.30 and 120.31).

b)         For persons who are paid weekly, the average gross weekly payment is multiplied by 4.33 to determine the countable gross monthly income.

c)         For persons who are paid bi-weekly, the average gross bi-weekly payment is multiplied by 2.16 to determine the countable gross monthly income.

(Source: Amended at 20 Ill. Reg. 15993, effective December 9, 1996)

                    
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