Converting Income
Pursuant to 7 CFR 273.10(c)(2)( i ), income received on a weekly, biweekly, or semi -monthly basis shall be converted to a monthly amount using the department’s public assistance conversion standards as follows:
(a)The income amount shall be multiplied by a factor of…#
(a) The income amount shall be multiplied by a factor of 4.33 for weekly amounts, 2.17 for biweekly amounts, and 2 for semi-monthly amounts; and
(b)The result shall be carried out to 2 decimal places and…#
(b) The result shall be carried out to 2 decimal places and shall not be rounded up or down.
Source. (See Revision Note at chapter heading for He-W 700) #5133, eff 5-2-91; ss by #6507, INTERIM, eff 5-1-97, EXPIRES: 8-29-97; ss by #6549, eff 8-1-97; ss by #8388, eff 7-8-05; ss by #10368, eff 7-8-13; ss by #13616, eff 4-26-23