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"Section 8 Net Income" is a WorkWORLD term. It is not a term used by HUD or your Public Housing Agency (PHA). WorkWORLD allows you to make meaningful comparisons of your family's income and expenses across different situations by showing you – in the Numerical Results section – your gross income, certain selected expenses, and the results of subtracting those expenses from your gross income. WorkWORLD calls those results your "Section 8 Net Income."
Your family's gross monthly income is a sum of all of the Earned Income, Unearned Income, and Income from Assets that you entered into WorkWORLD. No Income Exclusions or Deductions are subtracted in calculating your Gross Income.
The selected monthly expenses are those that WorkWORLD must ask you about in order to calculate your eligibility and rent payments, as well as the rent and utilities payments themselves. The expenses shown in the Numerical Results are:
· Rent and Utilities: This is the sum of the rent you pay and your estimate of the monthly cost of utilities that are not included in the rent. If you are entitled to a Utility Reimbursement, WorkWORLD subtracts this amount from your monthly utility expense in calculating your Rent and Utilities Expenses.
· Child Care Costs: This is the actual cost of child care, regardless of whether it can be counted as a deduction in calculating your rent.
· Attendant Care Expenses: This is the actual cost of attendant care and auxiliary apparatus expenses regardless of whether it can be counted as a deduction in calculating your rent.
· Other Work Expenses: This is the actual cost of other work expenses that can not be counted as a deduction.
NOTE: You may be able to include your work expenses in a Plan for Achieving Self-Support (PASS). If you do, then the expenses are excluded when calculating your financial eligibility for Section 8 assistance and your payments for Section 8 rent and utilities.
· Unreimbursed Medical Expenses: This is the actual sum of your family's unreimbursed medical expenses regardless of whether the expenses can be counted as a deduction in calculating your rent.
The amount of monthly income that your family spends or saves for training, education, equipment or anything that you think will help you become more employable.
NOTE: You may be able to include your employability investments in a Plan for Achieving Self-Support (PASS). If you do, then the expenses are excluded when calculating your financial eligibility for Section 8 assistance and your payments for Section 8 rent and utilities.
The Section 8 Net Income shown in the Numerical Results is simply the amount of your family's gross income that remains after subtracting the selected expenses and employability investments above.
WorkWORLD allows you to compare the amount of this net income across various "What-If?" situations so that you can see the net effect of going to work and using various work incentives, especially the PASS work incentive.
WorkWORLD™ Help/Information System
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This is one topic from the thousands available in the WorkWORLD™ software Help/Information System.
Complete information about the software is available at: http://www.WorkWORLD.org
See How to Get WorkWORLD page at: http://www.WorkWORLD.org/howtogetWW.html
NOTE: Sponsored links and commercial advertisements help make the WorkWORLD™ website possible by partially defraying its operating and maintenance expenses. No endorsement of these or any related commercial products or services is intended or implied by the Employment Support Institute or any of its partners. ESI and its partners take no responsibility for, and exercise no control over, any of these advertisements or their views or contents, and do not vouch for the accuracy of the information contained in them. Readers are cautioned to verify all information obtained from these advertisements prior to taking any actions based upon them. The installed WorkWORLD software does not contain advertisements of any kind.
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