Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

United States

VIEWS: 6 PAGES: 12

									CASE 1: One earner on half national average earnings
                                    Couple           Lone parent + 1     Lone parent +
                                                     aged 2yrs 11        1 aged 7
1. Earnings                                $1,689.57           $1,689.57     $1,689.57
2. Income tax                                -$36.46             $217.34       $159.63
3. Employee social security
contributions                               -$129.25            -$129.25      -$129.25
4. Income related child benefit
                                                                   $0.00         $0.00
5. Non income related child benefit
                                                                   $0.00         $0.00
6. Gross rent                               -$675.83            -$675.83      -$675.83
7. Net rent                                 -$675.83            -$675.83      -$675.83
8. Gross local tax
9. Net local tax (state income tax
after credits)                               -$13.08              $98.95        $10.95
10 Net childcare costs                                          -$302.00
11. Guaranteed child support
(alimony/maintenance)                                              $0.00         $0.00
12. other                                      $0.00               $0.00         $0.00

net disposable income after taxes and
benefits                                    1510.78              1876.61       1730.90
ndi after housing                             834.95             1200.78       1055.07
ndi after services                      1510.776667              1574.61        1730.9

net disposable income after all         834.9466667               898.78       1055.07



net disposable income after taxes and
benefits                                                    365.8333333    220.1233333
ndi after housing                                           365.8333333    220.1233333
ndi after services                                          63.83333333    220.1233333

net disposable income after all                             63.83333333    220.1233333
Couple +1 aged 7      Couple + 2 Couple +3 aged
                      aged 7 and 7 and 14 and
            $1,689.57 $1,689.57        $1,689.57
              $220.03     $385.52        $385.52

             -$129.25       -$129.25      -$129.25

                 $0.00         $0.00         $0.00

                 $0.00         $0.00         $0.00
             -$675.83       -$675.83      -$675.83
             -$675.83       -$675.83      -$675.83


                $28.58        $67.67        $71.00




                 $0.00       $219.00       $312.00


              1808.93        2232.51        2328.84
              1133.10        1556.68        1653.01
          1808.933333     2232.50667        2328.84

          1133.103333     1556.67667        1653.01

Difference from a childless couple

          298.1566667          721.73   818.0633333
          298.1566667          721.73   818.0633333
          298.1566667          721.73   818.0633333

          298.1566667          721.73   818.0633333
CASE 2: One earner on average earnings
                                                    Couple       Lone parent + 1 aged Lone parent + Couple +1
                                                                 2yrs 11 months        1 aged 7       aged 7
1. Earnings                                          $3,379.13              $3,379.13      $3,379.13 $3,379.13
2. Income tax                                         -$248.54               -$159.16       -$214.16 -$126.45
3. Employee social security contributions             -$258.50               -$258.50       -$258.50 -$258.50
4. Income related child benefit                                                  $0.00          $0.00       $0.00
5. Non income related child benefit                                              $0.00          $0.00       $0.00
6. Gross rent                                         -$675.83               -$675.83       -$675.83 -$675.83
7. Net rent                                           -$675.83               -$675.83       -$675.83 -$675.83
8. Gross local tax
9. Net local tax (state income tax after credits)
                                                       -$93.00                -$64.54       -$119.50      -$88.67
10 Net childcare costs                                                       -$960.00
11. Guaranteed child support
(alimony/maintenance)                                                           $0.00          $0.00
12. other                                                $0.00                  $0.00          $0.00        $0.00

net disposable income after taxes and
benefits                                              2779.09                2896.93        2786.97 2905.51
ndi after housing                                     2103.26                2221.10        2111.14 2229.68
ndi after services                                    2779.09                1936.93        2786.97 2905.513

net disposable income after all                       2103.26                 1261.1        2111.14 2229.683

                                                                                                       Difference from a childless couple
net disposable income after taxes and
benefits                                                                      117.84            7.88 126.4233
ndi after housing                                                             117.84            7.88 126.4233
ndi after services                                                           -842.16            7.88 126.4233

net disposable income after all                                              -842.16            7.88 126.4233
           Couple + 2      Couple +3 aged 7
           aged 7 and 14 and 14 and 17
                $3,379.13          $3,379.13
                    -$4.37           $117.71
                 -$258.50           -$258.50
                     $0.00             $0.00
                     $0.00             $0.00
                 -$675.83           -$675.83
                 -$675.83           -$675.83


                  -$84.25            -$79.92




                    $0.00             $0.00


                 3032.01           3158.42
                 2356.18           2482.59
                 3032.01       3158.423333

                 2356.18       2482.593333

Difference from a childless couple

                  252.92       379.3333333
                  252.92       379.3333333
                  252.92       379.3333333

                  252.92       379.3333333
CASE 3: Two earners, one earner on average earnings and one earner on half national average earnings
                                    Couple     Lone parent + 1 aged Lone parent + 1 Couple +1 Couple + 2 aged
                                               2yrs 11 months       aged 7          aged 7      7 and 14
1. Earnings                          $5,068.70                                       $5,068.70        $5,068.70
2. Income tax                         -$501.97                                        -$379.89         -$257.81
3. Employee social security
contributions                         -$387.76                                        -$387.76         -$387.76
4. Income related child benefit                                                           $0.00           $0.00
5. Non income related child benefit
                                                                                          $0.00           $0.00
6. Gross rent                         -$675.83                                        -$675.83         -$675.83
7. Net rent                           -$675.83                                        -$675.83         -$675.83
8. Gross local tax
9. Net local tax (state income tax
after credits)                        -$197.67                                        -$192.00         -$186.25
10 Net childcare costs
11. Guaranteed child support
(alimony/maintenance)
12. other                                $0.00                                            $0.00           $0.00

net disposable income after
taxes and benefits                  3981.30                   0.00            0.00     4109.05         4236.88
ndi after housing                   3305.47                   0.00            0.00     3433.22         3561.05
ndi after services                 3981.303                      0               0     4109.05         4236.88

net disposable income after all    3305.473                      0               0     3433.22         3561.05

                                                                                     Difference from a childless couple
net disposable income after
taxes and benefits                                  -3981.303333 -3981.303333 127.7467            255.5766667
ndi after housing                                   -3305.473333 -3305.473333 127.7467            255.5766667
ndi after services                                  -3981.303333 -3981.303333 127.7467            255.5766667

net disposable income after all                     -3305.473333 -3305.473333 127.7467            255.5766667
             Couple +3 aged
             7 and 14 and 17
                    $5,068.70
                     -$135.72

                       -$387.76
                          $0.00

                          $0.00
                       -$675.83
                       -$675.83


                       -$180.58




                         $0.00


                   4364.64
                   3688.81
               4364.636667

               3688.806667

m a childless couple

               383.3333333
               383.3333333
               383.3333333

               383.3333333
CASE 4: Two earners both on average earnings
                                    Couple     Lone parent + 1 aged Lone parent + Couple +1 Couple + 2
                                               2yrs 11 months       1 aged 7      aged 7      aged 7 and 14
1. Earnings                          $6,758.26                                     $6,758.26       $6,758.26
2. Income tax                         -$814.57                                      -$666.65        -$518.73
3. Employee social security
contributions                         -$517.01                                      -$517.01        -$517.01
4. Income related child benefit                                                         $0.00          $0.00
5. Non income related child benefit
                                                                                        $0.00          $0.00
6. Gross rent                         -$675.83                                      -$675.83        -$675.83
7. Net rent                           -$675.83                                      -$675.83        -$675.83
8. Gross local tax
9. Net local tax (state income tax
after credits)                        -$313.33                                      -$307.58        -$301.92
10 Net childcare costs
11. Guaranteed child support
(alimony/maintenance)                    $0.00                                          $0.00          $0.00
12. other                                $0.00                                          $0.00          $0.00

net disposable income after
taxes and benefits                  5113.35                   0.00          0.00 5267.02      5420.60
ndi after housing                   4437.52                   0.00          0.00 4591.19      4744.77
ndi after services                 5113.347                      0             0 5267.017 5420.603333

net disposable income after all    4437.517                      0             0 4591.187 4744.773333

                                                                                 Difference from a childless couple
net disposable income after
taxes and benefits                                  -5113.346667 -5113.3467          153.67 307.2566667
ndi after housing                                   -4437.516667 -4437.5167          153.67 307.2566667
ndi after services                                  -5113.346667 -5113.3467          153.67 307.2566667

net disposable income after all                     -4437.516667 -4437.5167          153.67 307.2566667
            Couple +3 aged 7
            and 14 and 17
                    $6,758.26
                     -$389.16

                       -$517.01
                          $0.00

                          $0.00
                       -$675.83
                       -$675.83


                       -$296.17


                         $0.00
                         $0.00


                       5555.92
                       4880.09
                       5555.92

                       4880.09

m a childless couple

                442.5733333
                442.5733333
                442.5733333

                442.5733333
CASE 5a: The Social Assistance case (NO earnings)
                                    Couple     Lone parent + 1 aged    Lone parent + 1 Couple +1 Couple + 2
                                               2yrs 11 months          aged 7          aged 7      aged 7 and 14
1. Social assistance                   $552.00                 $552.00         $552.00    $736.00         $876.00
2. Income tax                            $0.00                   $0.00           $0.00       $0.00          $0.00
3. Employee social security
contributions                            $0.00                   $0.00           $0.00       $0.00          $0.00
4. Income related child benefit                                  $0.00           $0.00       $0.00          $0.00
5. Non income related child benefit
                                                                 $0.00           $0.00       $0.00          $0.00
6. Gross rent                         -$675.83                -$675.83        -$675.83 -$675.83          -$675.83
7. Net rent                           -$675.83                -$675.83        -$675.83 -$675.83          -$675.83
8. Gross local tax
9. Net local tax (state income tax
after credits)                           $0.00                   $0.00           $0.00       $0.00          $0.00
10 Net childcare costs
11. Guaranteed child support
(alimony/maintenance)                                            $0.00           $0.00
12. other                              $247.00                 $247.00         $247.00    $303.00         $361.00

net disposable income after
taxes and benefits                    799.00                  799.00          799.00      1039.00       1237.00
ndi after housing                     123.17                  123.17          123.17       363.17        561.17
ndi after services                       799                     799             799         1039          1237

net disposable income after all       123.17                  123.17          123.17       363.17         561.17

                                                                                        Difference from a childless couple
net disposable income after
taxes and benefits                                                  0               0         240            438
ndi after housing                                                   0               0         240            438
ndi after services                                                  0               0         240            438

net disposable income after all                                     0               0         240            438
             Couple +3 aged 7
             and 14 and 17
                     $1,021.00
                         $0.00

                          $0.00
                          $0.00

                           $0.00
                        -$675.83
                        -$675.83


                          $0.00




                        $411.00


                        1432.00
                         756.17
                          1432

                         756.17

om a childless couple

                            633
                            633
                            633

                            633

								
To top