This method works great for debtors who are salaried or receive the same amount each pay. This option can also be used if you know the amounts you would like to use on Schedule I and the Means test.

Means Test:  NextChapter will calculate the monthly average for the Means Test based on the gross income entered into the pay advice and the frequency of pay.
​
​Schedule I: The one pay advice entered will use the net income and deductions for Schedule I, unless the box is checked to use a different pay advice for Schedule I.
​

Example: Debtor is paid every other week and just one pay advice is entered. The calculations for this specific example would be calculated as follows:

Means Test: $3,000 X 26 pay periods / 12 months = $6,500 per month
Schedule I: $2,125 X 26 pay periods / 12 months = $4,604.17 per month

Monthly income after deductions can be seen on Schedule I by clicking on Preview. 

For more information about income click here!