Calculating Income

The formula used to calculate income from wages will be dependent on the frequency the applicant is being paid by their employer. An income qualified household is a household whose gross annual income* is at or below the applicable income limit. ( *Gross income is income before any deductions. )

 

Pay Rate Formula & Example
Hourly(Hourly Wages) incógnita (Number of Hours Worked) incógnita (52 Weeks)
$14 incógnita 40 incógnita 52 = $29,120
Weekly(Weekly Wages) incógnita (52 Weeks)
$375 incógnita 52 = $19,500
Bi-Weekly(Bi-Weekly Wages) incógnita (26 Weeks)
$720 incógnita 26 = $18,720
Semi-Monthly(Semi-Monthly Wages) incógnita (24 Weeks)
$720 incógnita 24 = $17,280
Monthly(Monthly Wages) incógnita (12 Months)
$2,000 incógnita 12 – $24,000
Annual Salary(Annual Amount Received)
$26,000