Calculator - PASS Worksheet: Earned and Unearned Income

PASS Worksheet: Earned And Unearned Income

For this calculation we first need to know your Countable Income.

Unearned Income (example SSDI)

General Exclusion
(see current amount)

Gross Earnings

Earned Income Exclusion
(see current amount)

Total Amount Available toward PASS:

This is your total Countable
Income available to use in a PASS.*

*This is the maximum amount you can use in your PASS each month. However, you are not required to use it all.

Now we need this information to complete the calculation..

Chosen PASS amount

FBR
(see current amount)

Gross Earnings

Step 1 : Countable Unearned Income available toward PASS
				Unearned Income (example SSDI)
				Subtract General Exclusion

				Countable Unearned Income
Step 2: Countable Earned Income availabletoward a PASS
				Earnings
				Subtract Earned Income Exclusion

				Subtotal
				Divide by 2

				Countable Earned Income
Step 3: Total Countable Income available for PASS
				Countable Unearned Income
				Countable Earned Income

				Total Countable Income Amount available for a PASS
Step 4: Revised Total Countable Income
				Total Countable Income
				Subtract chosen PASS amount

				Revised Total Countable Income
Step 5: SSI Cash Benefit
				FBR
				Subtract Revised Total Countable Income

				SSI Cash Benefit
Step 6: Total Usable Income
				SSI Cash Benefit
				Add SSDI or Other Unearned Income
				Add Gross Earnings

				Subtotal
				Subtract PASS

				Total Usable Income

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University of Missouri-Columbia
& RegionVII PASS Cadre

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