BASIC (11-02)

# SI 02009.005 Rounding of Payments

## PROCEDURE

Rounding of payments only involves the last step of any SSI payment computation. If the payment amount would include a fraction of a cent, raise the payment amount to the next higher cent (note SI 02001.010A.1.).

*Example 1:*

**Individual**

$794.00 | Quarterly FBR |

$400.00 | Countable income |

$394.10 | Quarterly payment amount |

$131.366 | Monthly payment amount (rounded to $131.37. the next higher cent). |

*Example: 2:*

**Couple**

$1191.00 | Quarterly FBR |

| Countable income |

$ 491.00 | Quarterly payment amount |

$163.666 | Monthly payment amount to the couple |

$ 81.833 | Monthly payment amount to each member (rounded to $81.84. the next higher cent.) |

**Note:** *Do not “round” income. The determination of countable income is an interim step in the computations of payments to which “rounding” does not apply. Express income within a computation to three digits to the right of the decimal point.*

Income can only be transmitted to the Supplemental Security Record (SSR) monthly and in dollars and cents. To transmit an income amount that has a fractional *cent, *drop the fractional cent. Do not 'round" the amount to the next higher cent. For example, an SSI recipient expects to have net earnings of $1,000 from self-employment in 1982. This is $250 per quarter and $83.333 per month. Transmit a continuing monthly earned income amount of $83.33. The SSI recipient also expects to receive $500 in cash support at the end of each quarter. This is $166.666 per month. Transmit a continuing unearned income amount of $166.66.)

To Link to this section - Use this URL: http://policy.ssa.gov/poms.nsf/lnx/0502009005 | SI 02009.005 - Rounding of Payments - 11/27/2002Batch run: 01/27/2009Rev:11/27/2002 |