In February 2008, Ms. Johnson (from SI 01320.500F.3.) receives $1,542 in unemployment compensation and James receives $300 from his grandparents
for his birthday. Janet still has no income. The family still lives in a State with
no State supplement.
Parent-to-Child Deeming Computation
Parent's Unearned Income
|
$1,542.00
|
General Income Exclusion
|
-20.00
|
Remaining Unearned Income
|
1,522.00
|
Parental Living Allowance
|
-637.00
|
Deemed Income
|
885.00
|
Number of Eligible Children: 2
|
885 / 2
|
Income Deemed to Each Eligible Child
|
442.50
|
To determine James' eligibility, first apply the infrequent income exclusion described
in SI 00810.410D. to the birthday gift he received. Applying the infrequent income exclusion means
that $60 is subtracted from the value of James’ birthday gift for a remaining amount
of $240. Then add the income deemed to him to his own countable income ($240) for
a total of $682.50. Then apply the general income exclusion, which reduces James'
income to $662.50. Because this amount is greater than the FBR for an individual,
James is ineligible for SSI in February. James' countable income exceeds the applicable
FBR by $35.50, so that amount is added to Janet's share of the deemed income resulting
in $478 in deemed income to Janet.
Reduce Janet's income by the $20 general income exclusion. This leaves $458 in countable
income. Because this is less than the $637 FBR for an individual, Janet is eligible
for SSI in February. Determine her benefit amount by subtracting her countable income
in December from the FBR for an individual for February.