How does one determine income earned from an asset?
Date Published: May 2015
In general, assets over $5,000 are multiplied by a standard rate of return (usually the passbook savings account rate) and the imputed income is added to the income of the applicant(s). This is done regardless of whether the applicant receives a payment.
Because each individual or household income situation is unique we would recommend confirming your data and results by using the CPD Income Calculator.