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Department
of Human Services Families
First Online Policy Manual Treatment of Income |
Revised: |
21.27 |
COSTS OF PRODUCING SELF-EMPLOYMENT INCOME |
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When a member of the AU receives income
from self-employment, he/she will be required to keep a record of expenses
incurred in the production of this income. Expenses may include but are not limited
to: ·
Identifiable
costs of labor (salaries, employer’s share of SS, insurance, etc.). ·
Stock, raw
materials, seed and fertilizer, feed for livestock. ·
Rent and
cost of building maintenance. ·
Business
telephone costs. ·
Costs of
operating a motor vehicle when required in connection with the operation of
the business. ·
Interest
paid to purchase income producing property. ·
Insurance
premiums and taxes paid on income producing property. ·
Costs of
feed for work stock. ·
Costs of
meals and equipment for children for whom day care is provided in the
client’s home. |
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