Profit from self-employment is counted as earned
income. Self-employment includes, but is not limited to, operating a business
or farm, practicing a profession, renting nonresident real property, renting
rooms or apartments contained in the resident property and providing board.
Profit from self-employment is determined using one of the following methods:
(1) From self-employment gross
receipts, the verified costs to the applicant/recipient of producing or
continuing the income are deducted. For NMP-MA categories, depreciation,
personal business and entertainment expenses, personal transportation, purchase
of capital equipment and payments on the principal of loans for capital assets
or durable goods, are not included in the deductions.
(2) From renting rooms or apartments
contained in the resident property and providing board to tenants and providing
room and board to tenants, the following amounts are deducted from the gross
receipts:
(i) From total room and apartment
rent, $10 plus an amount equal to 50% of the remainder.
(ii) From board payments, the maximum food
stamp coupon allotment for the household size equal to the total number of
boarders.
(iii) From room and board
payments, 40% of the total gross payment added to the maximum food stamp coupon
allotment for the household size equal to the total number of roomers and
boarders.
(iv) If there are
roomers, boarders and room and boarders, the following amounts are deducted
from the gross receipts and the results are added to determine the profit as
follows:
(A) From total room or apartment
rent, $10 plus an amount equal to 50% of the remainder.
(B) From room and board payments, 40% of the
total room and board payment.
(C)
From board payments and the balance of the room and board payments after the
deduction in clause B, the maximum food stamp coupon allotment for the
household size equal to the total number of boarders and room and
boarders.
