Person's family income is under the young parent payment threshold
Social Security Boolean Month Person Formula Included used 1 timeValue type Boolean . Default value false Entity person
How is this calculated?
To calculate this variable, the following input is used
- Float family_scheme__assessable_income_for_month The monthly net income for a person as relates to the family scheme
- Float family_scheme__assessable_income The annual net income for a person as relates to the family scheme
Where is this used?
This variable is referred to by these other variables in their own calculations
- Boolean social_security__meets_young_parent_payment_single_persons_requirements Meets Young Parent Payment single person requirements from section 165
Formulas
This is the formula used to calculate the value of social_security__family_income_under_young_parent_payment_threshold
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):
yearly_income_threshold = 52 * parameters(period).entitlements.social_security.young_parent_payment.weekly_income_threshold
yearly_family_income = persons('family_scheme__assessable_income_for_month', period) * 12
return yearly_family_income < yearly_income_threshold