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
|
|
$ 700.00
|
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.)