EDPNA Exam with Questions and Answers

EDPNA Exam with Questions and Answers Earned Income 416.1111 ANSWER Any income (wages/salary) that is generated by working - First $20 is always taken off - Self Employment - take net earnings yearly and divide by 12. Unearned Income 416.1121 416.1124 ANSWER Income received from sources other than employment Examples: Cash, Pensions, Annuities, SSDI benefits, Rental income, Inheritance, prizes/awards/gifts, Alimony, Child Support One-Third Reduction Rule 416.1131 ANSWER If receiving food and shelter, SSI benefits are reduced by 1/3. Example: If they are getting max amount, $841, the payment would be $561. Presumed Maximum Value (PMV) 416.1140 ANSWER allows you to show that your in-kind support and maintenance is not equal to the presumed value. We will not use the presumed value if you show us that - (i) The current market value of any food or shelter you receive, minus any payment you make for them, is lower than the presumed value; or