Page:United States Statutes at Large Volume 100 Part 2.djvu/216

 100 STAT. 1318

PUBLIC LAW 99-498—OCT. 17, 1986 "Percentages for Computation of State and Other Tax Allowance—Continued And student's (and spouse's) total income is—

If student's State or territory of residence i s ^

less than $15,000 or $15,000 more then the percentage is—

California, Delaware, Idaho, Iowa, Nebraska, North Carolina, Ohio, Pennsylvania, South Carolina, Utah, Vermont, Virginia, Canada, Mexico Maine, New Jersey District of Columbia, Hawaii, Maryland, Massachusetts, Oregon, Rhode Island Michigan, Minnesota Wisconsin New York

9 10

8 9

11 12 13 14

10 11 12 13

"(d) TOTAL OFFSETS AGAINST INCOME.—Total offsets

against

income are determined by deducting— "(1) a family size offset equal to the amount specified in the following table: "Family Size Offsets Family members

Amount

2 3 4 5 6 7 or more .ii

26 USC 2.

$6,700 8,100 10,400 12,300 13,800 13,800 plus $1,800 for each member over 6

"(2) an offset for unusual medical euid dental expenses; "(3) in the case of a married independent student when both the student and spouse were employed in the year for which income is reported, or in the case of a student who qualifies as a head of household as defined in section 2 of the Internal Revenue Code of 1954, an offset for employment expenses; and "(4) an offset for unreimbursed elementary and secondary school tuition and fees. "(e) ASSESSMENT OF EFFECTIVE FAMILY INCOME.—(1) If the effective

family income (as determined under subsection (c)) minus the total offsets (as determined under subsection (d)) is a negative amount, the standard contribution from the student's (and spouse's) income is zero. "(2) If such effective family income is a positive amount, the standard contribution from effective family income is determined in accordance with the following chart: "Effective family income $0 to $5,000 $5,001 to $10,000 $10,001 to $15,000 $15,001 and above

Expected contribution 11% of effective family income. $550, plus 13% of amount over $5,000. $1,200, plus 18% of amount over $10,000. $2,100, plus 25% of amount over $15,000.

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