Section 405IAC8-2-12. "Income" defined

Latest version.

"Income" means the amount of money or its equivalent received as follows:

(1) In exchange for or as a result of labor or services.

(2) From the sale of goods or property.

(3) As profits from financial investments.

(Office of the Secretary of Family and Social Services; 405 IAC 8-2-12; filed Mar 29, 2006, 2:19 p.m.: 29 IR 2528; readopted filed Jun 18, 2012, 11:19 a.m.: 20120718-IR-405120201RFA)

                    
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