Effects of Income on SSI
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Earned Income Only
function CalculateSum(Atext, form) { var A = parseFloat(Atext); var B = 20 var C = 65 form.Answer.value = A – B – C; form.Answer2.value = (A – B – C) / 2; form.Answer3.value = (A – B – C) – (A – B – C) / 2; } function ClearForm(form) { form.input_A.value = “”; form.Answer.value = “”; }| Step 1 | ||
|---|---|---|
| Earned Income (Gross Wages) | $ | |
| Subtract General Exclusion | – $20.00 | |
| Subtract Earned Income Exclusion | – $ 65.00 | |
|
Equals Countable Earned Income
|
= $ | |
| Step 2 | ||
| Divide Countable Earned Income by 2 | ÷ 2 | |
| Division answer | = $ | |
| Subtract Division answer from Countable Earned Income | – $ | |
|
Equals Final Revised Countable Earned Income |
= $_______ |
|
| Step 3 | ||
| Maximum SSI Benefit ( Federal Benefit Rate ) | $________ | |
| Subtract Final Revised Countable Earned Income | – $________ | |
| Equals New Monthly SSI Benefit |
= $_______ |
|
| Step 4 | ||
| Earned Income (Gross Wages) | $______ | |
| Plus New Monthly SSI Benefit | + $______ | |
|
Equals Total Monthly Gross Income |
= $_______ |
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Earned and Unearned Income
| STEP 1 | ||
| Unearned Income (SSDI, VA, Pension, Annuity, etc.) | $________ | |
| Subtract General Exclusion | – $20.00 | |
|
Equals Countable Unearned Income |
= $________ | |
| STEP 2 | ||
| Earned Income (Gross Wages) | $______ | |
| Subtract Earned Income Exclusion | – $ 65.00 | |
|
Equals Countable Earned Income |
= $_______ |
|
| STEP 3 | ||
| Countable Earned Income (from Step 2) | $________ | |
| Divide by 2 | ÷ 2 | |
| Division answer | = $________ | |
| Subtract Division answer from Countable Earned Income | – $________ | |
|
Equals New Countable Earned Income |
= $_______ |
|
| STEP 4 | ||
| Countable Unearned Income (from Step 1) | $_______ | |
| Plus New Countable Earned Income (from Step 3) | + $_______ | |
|
Equals Final Total Countable Earned and Unearned Income |
= $_______ |
|
| STEP 5 | ||
| Maximum SSI Benefit (Federal Benefit Rate) | $_______ | |
| Subtract Final Countable Earned and Unearned Income (from Step 4) |
– $_______ |
|
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Equals New SSI Cash Benefit |
= $_______ |
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| STEP 6 | ||
| Gross Earned Income | $________ | |
| Plus new SSI Benefit (from Step 5) | + $________ | |
| Plus Total Unearned Income (from Step 1) | + $________ | |
|
Equals Total Monthly Gross Income |
= $_______ |
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