Actual income is a means of calculating the household's monthly income. It involves situations where you know and have verified all of the payments the household will receive in a month from a particular source.
The amount the household receives during the month is the monthly amount. You must add all of the payments the household receives in a month to calculate the monthly amount.
You might use actual income when a person receives payments from a terminated and ongoing source.
Terminated income only counts in the month a person receives it. You do not anticipate based on this income.
Examples of terminated income include when a client receives a final pay check, his or her last unemployment benefits, or a payout of his or her leave.
You only use actual income when you can verify all of the gross pay amounts the household receives in a month and it does not artificially inflate the household's income.
For example, do not use an actual income calculation when a person who is paid biweekly receives three payments in a month or who is paid weekly receives five payments in a monthly. In both these situations, the actual income calculation inflates the household's income. Use the anticipated income calculation instead.