S.D. Admin. R. 67:12:05:12
Net earned income or profit from business is computed by subtracting business expense from gross business income. Business expenses include the cost of merchandise and building or equipment rental, but do not include depreciation or the purchase of equipment or property. Personal expenses, such as income tax, lunches, and transportation to and from work, and social security tax, are not considered business expenses but are covered under the standard set for earned income deductions. The earned income exemption for eligible applicants or recipients as specified in § 67:12:05:14 shall be applied to the net income after the standard earned income deduction as specified in § 67:12:05:18 and the dependent care disregard specified in § 67:12:05:21.
S.D. Admin. R. 67:12:05:12
General Authority: SDCL 28-7-2.
Law Implemented: SDCL 28-7-4.