For purposes of this chapter, the terms defined in this section have the meanings given them.
"Agency" means any county, federally recognized Indian tribe, or multicounty social services collaboratives.
"Earned income" means cash or in-kind income earned through the receipt of wages, salary, commissions, bonuses, tips, gratuities, profit from employment activities, net profit from self-employment activities, payments made by an employer for regularly accrued vacation or sick leave, severance pay based on accrued leave time, payments from training programs at a rate at or greater than the state's minimum wage, royalties, honoraria, or other profit from activity that results from the client's work, service, effort, or labor. The income must be in return for, or as a result of, legal activity.
"Earned income disregard" means earned income that is not counted according to section 256P.03 when determining eligibility and calculating the amount of the assistance payment.
"Equity value" means the amount of equity in personal property owned by a person and is determined by subtracting any outstanding encumbrances from the fair market value of the personal property.
"Personal property" means an item of value that is not real property.
"Self-employment" means employment by an individual who:
(1) incurs costs in producing income and deducts these costs in order to equate the individual's income with income from sources where there are no production costs; and
(2) controls the individual's work by working either independently of an employer or freelance, or by running the business; or
(3) pays self-employment taxes.