Monday, June 29, 2020

2020 Earnings

Earned and Unearned Income
January thru June, 2020
3 sources of unearned, 3 earned
unearned: ssa, ssi, stimulus payment
earned: wag, non-wag, and wag settlement payment

Unearned, SSA and SSI
  Social Security Administration
  Supplemental Security Income

SSA
$657.00 usd / month x 6 months :
   $3942-

SSI
$203.19 x 4 (January, February, March, April) = 812.76
$209.51 (May)
$297.56 (June)
------
    $1319.83

SSA+SSI: $5261.83
usg stimulus payment: $1200-
TOTAL (unearned): $6461.83

Earned, Dog-walking
a)Wag! and b)Wag! settlement payment, and c)Non-wag

WAG!
$245.50 (like a dozen walks)
   January, 68.5
   February, 31-
   March, 15-
   April, 0
   May, 68-
   June, 63-

+ 127.58 (Wag! class-action lawsuit settlement payment)
    (Darsey v. Wag Labs, Inc.) member of settlement class
     independent contractor or employee?

Non-wag
$625 (paypal) (25 walks) (1 hour walks, $25/ea)
    Snoopy (for Karen), 9 walks: 6/12,13,14,18,19,20,21,24,25
        all in June: 9 walks, x 25- = $225-
    Kaleb (for Marlen), 16 walks:
         2/3/5/6 (4 months x 100) = $400-

  $245.50
+$127.58
---------
  $373.08 (Wag! total, including settlement payment)
+ $625 (2020 non-wag dog walks, PayPal)
---------
$998.08 (dogwalking, total)(earned income, total)

Unearned Income (6461.83), + Earned Income (998.08)
    = Total Income (7459.91)

excluding stimulus and settlement payments:
(SSA+SSI)+(WAG!+Non-wag)
(3942 +1319.83) +(245.50 +625) = 6132.33
(5261.83) + (870.50) = 6132.33

6132.33 (+ stimulus)
+1200- (CARES Act Economic Impact Payment)
   (coronavirus aid relief and economic security act)
   (usg stimulus payment, Uncle Sam, covid-19)
7332.33

6132.33 (+ settlement)
+127.58 (check in mail, received in May (?) 2020)
6259.91

6132.33 (+ both stimulus, settlement)
+1200, +127.58
7459.91

(SSA+SSI+stimulus)= 6461.83 (unearned)
(SSA+SSI+stimulus)+ (Wag+Non-wag)=7332.33
(SSA+SSI+stimulus)+ (Wag+non-wag+settlement)= 7459.91

Unearned ($6461.83) + Earned ($870.50, or $998.08)  
TTL: $7332.33 (without settlement), or $7459.91 (with)

MONTHLY INCOME
 $7459.91/6 (monthly average) (incl. stimulus/settlement)
    $1243.31/ month
$7332.33/6 (monthly average)(with stimulus, without settlement)
    $1222.05/month
$6259.91/6 (monthly average) (without stimulus, with settlement)
     $1043.31/month
$6132.33/6 (monthly average) (without stimulus or settlement)      
     $1022.05/month
     (earned plus unearned)(ssa,ssi,+wag,non-wag)

$998.08/6 (earned plus settlement)(870.50 +127.58)
     $166.34/ month
$870.50/6 (just 2020 -6 months- earned income, wag+non-wag)
     $145.08/ month

I could just say-
I've earned about a thousand dollars, dog walking, Jan thru June 2020

Those are the averages.   June, the highest month, I earned $388-.
388-  = 63- (Wag), + 100- (Kaleb), + 225 (Snoopy)

SGA (Substantial Gainful Activity), is $1260/month, this year (2020)
That was my SAT score! (570m/690v) :-)

It got kind of convoluted.  Sorry.
It's all for the first 6 months of 2020.  January through June.
There's only 6 numbers you need to know (in USD):
   SSA,            3942-
   SSI,             1319.83
   (5/28) stimulus,     1200-
   Wag!,          245.50
   (3/30) class action lawsuit settlement payment,    127.58
   and non-wag.  625-

The confusion is what is earned income and non-earned income
and what counts/doesn't toward SGA (Substantial Gainful Activity);
I like to do math, and figure things out, but maybe
I should have googled the answers to these questions first,
or called SSA.  But that stresses me:
I'd rather figure things out myself.

Wag! Yearly Income, 2016-2019 (for comparison):
2016, $4629.10 (started in march)
2017, $2216.90
2018, $237.30 (11 walks)
2019, $968-
2020, $245.50  (so far, a/o June)
  TOTAL (for fun): 8296.80 (397 walks), almost 400!

The 2020 tax threshold (right word?) is: $10,400 gross income
(single, under 65) you must file for taxes if
you have made at least $10,400
7/15 is tax day (this year) (extended, usually 4/15)

I can't remember my earnings estimate.  Did I come out over or under?
OU, ME (over, under) (meet, exceed) (SGA 2020 is $1260/month, or more)
That's $15,120 a year.
    I went to the local SSA office not long ago to report increased rent, decreased earnings- but was told they'll call me, or don't worry about it, or something.
So I went home.

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