The net income from self-employment is considered earned income. Net income is the taxable income declared on the individual's most recent income tax return. If a tax return was not filed or was filed and indicated no self-employment, the net income is as established on either a profit and loss statement or on some other business record for the tax year.

Source: 15 SDR 171, effective May 15, 1989; transferred from § 67:16:30:07, effective August 23, 1992.

General Authority: SDCL 28-6-1.

Law Implemented: SDCL 28-6-1.