The Income Calculator is a built in calculator to help the user determine the monthly income based on the income type. The calculator type will change depending on the income you are calculating, see below how the fields change when you select the calculator type.

I. Calculator Types

1. Standard Calculator - Can be used when income and the frequency is the same such as unemployment (paid weekly), child support, etc
   

   

   1. Amount - Income amount

   2. Frequency - Frequency of payment

   3. Click Calculate to get the Monthly Income

2. Paycheck Calculator - This calculator can be used when you are provided with paychecks/paystubs
   

   

   1. Pay Schedule - Frequency of payment, this selection will automatically adjust the formula during calculation.

   2. Start Date - Start date of first paycheck

   3. There are options that can be checked such as Year To Date (YTD), 10 month formula, and Fluctuated

      1. YTD - This option can be used when only one paycheck/paystub is provided

         1. Start Date - The date of the first paycheck/paystub of that year

         2. End Date - The last date of the provided paycheck/paystub

      2. 10 month formula - To be used when calculating the monthly income of those who are considered to be a 10 month employee, such as teachers

      3. Fluctuated - To be used if you want to tag the income as fluctuating

   4. Click the + icon too add the information provided by the paycheck such as amount, date, and hours. Clicking the + icon will add more if needed. Below the entry rows, CareControl will also offer you the Total Count of entries, the Sum of paychecks entered, and the Average Monthly Hours.

   5. Manual Adjustment - Any additional amount needed to add to the monthly income

   6. Click Calculate to calculate the Monthly Income

      1. Year To Date (YTD), 10 Month Formula, and Fluctuated check boxes and fields are available if needed

3. Cash Calculator - To be used when income is cash based
   

   

   1. Paid By - Frequency of pay

   2. Rate - Amount paid

   3. Manual Adjustment - Any additional amount needed to add to the monthly income

   4. Click on Calculate to calculate the Monthly Income

4. Self Employment or Seasonal Calculator - To be used when calculating income for self employed or seasonal workers
   

   

   1. Click the + icon too add a pay date and amount. Clicking the + icon will add more if needed

   2. Total - Total amount of income

   3. Business Expense - Amount of money spent for business needs

   4. Month - The span of months for the period of income

   5. Manual Adjustment - Any additional amount needed to add to the monthly income

   6. Click Calculate to calculate the Monthly Income

To view the calculations please view our Income Calculation Formulas article.

II. Weekly Hour Calculator

The Weekly Hour calculator is a tool to determine the number of hours the parent may be eligible for based on their self employment income

1. Click Weekly Hours
   
   

   

   1. Enter the monthly income provided

   2. The calculation will then take the monthly income provided and divide by 4.33 which will provide the Weekly income

   3. It will then take the weekly income and divide by the minimum wage. This will provide you with an estimated number of hours the parent is working if you were to base it on minimum wage

      1. The minimum wage can be changed in the admin settings as it changes or if your agency uses county wages instead of federal