Section 15-193-64 - Determining net unearned incomeThe net unearned income for a tenant family shall be determined by the following process:
1. If applicable, from the gross annual unearned income of each adult household member, deduct Medicare premiums that are actually deducted from social security benefits; and2. If a household member is a full-time student seeking a post-secondary education, deduct an education credit, which is provided for a tenant family and not individual family members. The education credit is calculated as: A. The actual amount received from scholarship(s) to attain a post-secondary education degree; orB. One thousand dollars ($1,000) per year; whichever is less.[Eff DEC 13 2001] (Auth: HRS § 201G-4) (Imp: HRS §§ 201G-42, 201G-43)