N e t I n c o m e o f T e m p o r a r y C a s h A s s i s ...
| | |N e t I n c o | | | | | | | |
| | |m e o f T e | | | | | | | |
| | |m p o r a r y | | | | | | | |
| | |C a s h A s s | | | | | | | |
| | |i s t a n c e | | | | | | | |
| | |R e c i p i e n | | | | | | | |
| | |t s | | | | | | | |
| | |C o m p a r e d | | | | | | | |
| | |w i t h P e r | | | | | | | |
| | |s o n s W o r | | | | | | | |
| | |k i n g A t | | | | | | | |
| | |V a r i o u s | | | | | | | |
| | |W a g e L e v | | | | | | | |
| | |e l s | | | | | | | |
| | | | | |[ T H R E E P| | | | | | | | | | | |
| | | | | |E R S O N H O | | | | | | | | | | | |
| | | | | |U S E H O L D | | | | | | | | | | | |
| | | | | |U N I T ] | | | | | | | | | | | |
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| | | | 20 hrs @ $ 5.15| | 40 hrs @ $ 5.15| | 40 hrs @ $ 6.00 | | 40 hrs @ $ 7.00 | | 40 hrs @ $ 8.00| | 40 hrs @ $ 9.00| | 40 hrs @ $ 10.00 | | | |
| |TCA Only | |With TCA | |Without TCA | |Without TCA | |Without TCA | |Without TCA | |Without TCA | |Without TCA | | | |
|Gross Monthly Earnings (1) |0 | |$412 | |$824 | |$960 | |$1,120 | |$1,200 | |$1,440 | |$1,600 | | | |
|Advanced Fed/EIC (2) |0 | |82 | |125 | |125 | |125 | |118 | |103 | |79 | | | |
|FICA\Medicare @ 7.5% |0 | |-30.90 | |-61.80 | |-72.00 | |-78.00 | |-90.00 | |-108.00 | |-120.00 | | | |
|Work Expenses (3) |0 | |-51.50 | |-103.00 | |-110.00 | |-115.00 | |-120.00 | |-125.00 | |-130.00 | | | |
|N e t E a r n i n g s |0 | |$411.60 | |$784.20 | |$903.00 | |$1,052.00 | |$1,110.00 | |$1,310.00 | |$1,429.00 | | | |
|Child Care Subsidy (4) |0 | |555 | |692 | |671 | |637 | |600 | |514 | |466 | | | |
|Child Support (5) |0 | |0 | |158 | |158 | |158 | |158 | |158 | |158 | | | |
|T C A Grant |$482 | |257 | |0 | |0 | |0 | |0 | |0 | |0 | | | |
|Food Stamps (6) |$386 | |349 | |248 | |209 | |167 | |155 | |107 | |78 | | | |
|Total Net Monthly Income |868 | |1,573 | |1,882 | |1,941 | |2,014 | |2,023 | |2,089 | |2,131 | | | |
|Net Annual Income (Prog\Calc) |10,416 | |18,871 | |22,586 | |23,292 | |24,168 | |24,276 | |25,068 | |25,572 | | | |
|Additional four pays per year | | |330 | |659 | |778 | |927 | |992 | |1,207 | |1,350 | | | |
|Balance of Fed/EIC, after taxes (7) | | |1,166 | |2,704 | |2,704 | |2,526 | |2,129 | |1,660 | |1,294 | | | |
|Maryland EIC, after taxes | | |344 | |662 | |612 | |489 | |314 | |111 | |0 | | | |
|TOTAL ANNUAL INCOME |$10,416 | |$20,711 | |$26,612 | |$27,386 | |$28,110 | |$27,711 | |$28,046 | |$28,216 | | | |
|Annual Child Care Co-pay (8) | | |-276 | |-360 | |-612 | |-1,020 | |-1,464 | |-2,496 | |-3,072 | | | |
|Medical Assistance (9) |10,325 | |10,325 | |10,325 | |10,325 | |10,325 | |10,325 | |10,325 | |10,325 | | | |
|ADJUSTED ANNUAL INCOME |$20,741 | |$30,760 | |$36,577 | |$37,099 | |$37,415 | |$36,572 | |$35,875 | |$35,469 | | | |
| | | | | | | | | | | | | | | | |U| | |
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| | | | | | | | | | | | | | | | |4| | |
|NOTES: [ TCA and Food Stamps | | | | | | | | | | | | | | | | | | |
|computed at October 2004 levels ] | | | | | | | | | | | | | | | | | | |
|(1) Earnings computed per the weekly wage | | | | | | | | | | | | | | | | | | |
|multiplied by 4.0 weeks per month. | | | | | | | | | | | | | | | | | | |
|(2) Federal Earned Income Credit [EIC] | | | | | | | | | | | | | | | | | | |
|available in advance with weekly earnings.| | | | | | | | | | | | | | | | | | |
|(3) Assumes 12.5% at minimum wage | | | | | | | | | | | | | | | | | | |
|[derived from Food Stamp rules], plus | | | | | | | | | | | | | | | | | | |
|$5.00 per month added to the base for each| | | | | | | | | | | | | | | | | | |
|higher wage rate. | | | | | | | | | | | | | | | | | | |
|(4) Child Care subsidy for full time | | | | | | | | | | | | | | | | | | |
|earnings (40 Hours) based on 1 child full | | | | | | | | | | | | | | | | | | |
|time Center Care; 1 child at 4 hours | | | | | | | | | | | | | | | | | | |
|Center Care; Baltimore City rates. | | | | | | | | | | | | | | | | | | |
| For 20 hour pays - Both | | | | | | | | | | | | | | | | | | |
|children in Center Care, both at 4 hours, | | | | | | | | | | | | | | | | | | |
|Baltimore City rates. | | | | | | | | | | | | | | | | | | |
|(5) Average Child Support collection | | | | | | | | | | | | | | | | | | |
|amount on TCA cases with court orders, | | | | | | | | | | | | | | | | | | |
|through FY2004. | | | | | | | | | | | | | | | | | | |
|(6) All hypothetical Food Stamp examples | | | | | | | | | | | | | | | | | | |
|are based on $ 500 shelter cost. | | | | | | | | | | | | | | | | | | |
|(7) Remainder of EITC available as a lump | | | | | | | | | | | | | | | | | | |
|sum after filing yearly income tax. | | | | | | | | | | | | | | | | | | |
|(8) Amount of customer payment for Child | | | | | | | | | | | | | | | | | | |
|Care based on eligibility for Child Care | | | | | | | | | | | | | | | | | | |
|subsidy in #4. | | | | | | | | | | | | | | | | | | |
|(9) FY 2004 TCA-Adult $ 4,803 TCA-Child | | | | | | | | | | | | | | | | | | |
|$ 2,761. All customers, who leave | | | | | | | | | | | | | | | | | | |
|TCA with earnings, are eligible for | | | | | | | | | | | | | | | | | | |
|Transitional Medical Assistance (TMA) | | | | | | | | | | | | | | | | | | |
|for twelve months after exit | | | | | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
| | | | 20 hrs @ $ 5.15| | 40 hrs @ $ 5.15 | | 40 hrs @ $ 6.00 | | 40 hrs @ $ 7.00| | 40 hrs @ $ 8.00 | | 40 hrs @ $ 9.00 | | 40 hrs @ $ 10.00| |
| |TCA Only | |With TCA | |Without TCA | |Without TCA | |Without TCA | |Without TCA | |Without TCA | |Without TCA | | |
|Gross Monthly Earnings (1) |0 | |$412 | |$824 | |$960 | |$1,120 | |$1,200 | |$1,440 | |$1,600 | | |
| | | | | |$10,300 | |$12,000 | |$14,000 | |$16,000 | |$18,000 | |$20,000 | | |
| |LEVEL >>> | |[ A ] | |[ A ] | |[ B ] | |[ C ] | |[ D ] | |[ F ] | |[ G ] | | |
| |Cost Ch-1 | |$289 | |$433 | |$433 | |$433 | |$433 | |$433 | |$433 | | |
| |Cost Ch-2 | |$289 | |$289 | |$289 | |$289 | |$289 | |$289 | |$289 | | |
| |TOTAL | |$578 | |$722 | |$722 | |$722 | |$722 | |$722 | |$722 | | |
| | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
| |Subsidy Ch-1 | |$275 | |$412 | |$399 | |$377 | |$351 | |$296 | |$266 | | |
| |Subsidy Ch-2 | |$280 | |$280 | |$272 | |$260 | |$249 | |$218 | |$200 | | |
| |TOTAL | |$555 | |$692 | |$671 | |$637 | |$600 | |$514 | |$466 | | |
| | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
| |CoPay Ch-1 | |$14 | |$21 | |$34 | |$56 | |$82 | |$137 | |$167 | | |
| |CoPay Ch-2 | |$9 | |$9 | |$17 | |$29 | |$40 | |$71 | |$89 | | |
| |TOTAL | |$23 | |$30 | |$51 | |$85 | |$122 | |$208 | |$256 | | |
| | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
| |checking, pls | |$289 | |$433 | |$433 | |$433 | |$433 | |$433 | |$433 | | |
| |checking, pls | |$289 | |$289 | |$289 | |$289 | |$289 | |$289 | |$289 | | |
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