To determine average indexed monthly earnings, average monthly wage, and quarters of coverage, the amount of SEI derived during any taxable year that begins after 1977, credited as follows:

When a taxable year is a calendar year, or begins with or during a calendar year and ends with or during that same calendar year, credit the SEI to that calendar year.

For any other taxable year, we will allocate the SEI proportionately to the two calendars years, portions of which are included within that taxable year, based on the number of months in each calendar year that are completely included within the taxable year.

EXAMPLE: Ann Arians has SEI of $12,000 for the taxable year beginning 10/01/87 and ending 09/30/88. The SEI creditable for 1987 is $3,000 (3/12 x 12,000). In 1988, credit Ann with $9,000 SEI. (9/12 x 12,000).