Employment Contracts 415-25-05-20-12

(New 10/1/16 ML #3478)

 

 

Contract income is a contracted wage which covers a specified period of work, usually 12 months or less. A contract for income must be written and the salary amount identified in the contract.

 

Examples:

School teachers, bus drivers, coach, etc.

 

The total amount specified in the contract is included when annualizing income regardless of the amount received each month.