Rule 18-14-20.2 - Averaging Self-Employment IncomeA. Self-employment income must be averaged over the period of time the income is intended to cover.B. If the averaged amount does not accurately reflect the household's actual circumstances because the household has experienced an increase or decrease in business, then MDHS must calculate the self-employment income on the basis of anticipated earnings.C. If the self-employment enterprise has existed for less than a year, then the income from such enterprise must be averaged over the period of time the business has been operating and the monthly amount projected for the coming year.D. Self-employment income from a farming operation that incurs irregular expenses has the option to annualize the allowable costs of producing self-employment income from farming when the self-employment farm income is annualized.E. Annualizing Income: An estimate of self-employment income over a 12-month period if the income represents a household's annual support, even if the income is received in a shorter period of time.F. Averaging Income: Averaging income over the number of months. The income is intended to cover, if the income is not included for the household's annual support.18 Miss. Code. R. 14-20.2