I’m having some difficulty distinguishing between the “spmftotval” and “spmtotres” variables. Spmftotval’s variable description says it consists of “total cash income, rounded to the nearest dollar. Income sources in the ACS include wages and salary, self-employment income, interests, dividends, net rental income, royalty income, income from estates and trusts, Social Security, Supplemental Security Income, public assistance, retirement income, pensions, survivor or disability benefits, and any other income received regularly”. So it seems to include not only cash income but also social service benefits.
However spmtotres’s description claims that it consists of " The formula used to calculate SPMTOTRES is:
SPMTOTRES = [SPMFTOTVAL]+ ([SPMSNAP]+ [SPMCAPHOUS] + [SPMLUNCH]+ [SPMHEAT] + [SPMWIC] - ([SPMFICA]+ [SPMFEDTAXAC] + [SPMSTTAX]) - [SPMCAPXPNS] - [SPMMEDXPNS]
This suggests that spmftotval does not include the benefits from SNAP, WIC, etc.. Otherwise these benefits would be double counted in spmtotres. Can someone help clarify?