N.M. Admin. Code § 8.243.500.17

Current through Register Vol. 35, No. 23, December 10, 2024

Section 8.243.500.17 - INCOME

A.Earned income consists of the total gross income received by an applicant/recipient for services performed as an employee or net income as a result of self-employment.

(1)Royalties earned in connection with the publication of the applicant's/recipient's work and any honoraria/fees received for services rendered are considered earned income.

(2) In any given calendar quarter, an applicant/recipient must have earnings equal to social security administration's definition of a covered quarter. See 8.200.520.20 NMAC.

B.Unearned income consists of all other income (minus exclusions and disregards) that is not earned in the course of employment or self employment.

C.Deemed income is income which must be considered available to the applicant/recipient from the ineligible spouse when both live in the same household. Deemed income is counted in determining eligibility for the applicant/recipient.

N.M. Admin. Code § 8.243.500.17

8.243.500.17 NMAC - N, 1-1-01; A, 1-1-02; A, 6-1-04