The family tax credit person is entitlement to under the family scheme

Family Scheme Float MONTH Person Formula Included used 1 time

Value type Float . Default value 0 Entity person

How is this calculated?

To calculate this variable, the following input is used

Where is this used?

This variable is referred to by these other variables in their own calculations

Formulas

This is the formula used to calculate the value of family_scheme__family_tax_credit_entitlement

0001-01-01

This formula is used for scenarios from the date 0001-01-01 onwards. More info on formulas

``````def formula(persons, period, parameters):
# eldest_child_credit = parameters(period).entitlements.income_tax.family_scheme.family_tax_credit.eldest_child
# subsequent_child_credit = parameters(period).entitlements.income_tax.family_scheme.family_tax_credit.subsequent_child
# threshold = parameters(period).entitlements.income_tax.family_scheme.family_tax_credit.full_year_abatement_threshold
# rate = parameters(period).entitlements.income_tax.family_scheme.family_tax_credit.full_year_abatement_rate

# sum up families income
# http://legislation.govt.nz/act/public/2007/0097/latest/DLM1518488.html#DLM1518488
# family_income = persons.family.sum(persons.family.members('family_scheme__assessable_income', period.this_year))

# calculate income over the threshold
# income_over_threshold = where((family_income - threshold) < 0, 0, family_income - threshold)

# calculate the number of children
number_of_children = persons.family.sum(
persons('income_tax__dependent_child', period))

# TODO this variable is incomplete and requires the formula to be finished
return number_of_children``````