Is their income under the Young Parent Payment threshold?Social Security Boolean MONTH Person Formula Included used 1 time
Value type Boolean . Default value false Entity person
How is this calculated?
To calculate this variable, the following input is used
- Float monthly_income Monthly income of this person
Where is this used?
This variable is referred to by these other variables in their own calculations
- Boolean social_security__meets_young_parent_payment_basic_requirements Meets young parent payment basic requirements
This is the formula used to calculate the value of social_security__income_under_young_parent_payment_threshold
This formula is used for scenarios from the date 0001-01-01 onwards. More info on formulas
def formula(persons, period, parameters): yearly_income = (persons('monthly_income', period) * 12) yearly_income_threshold = ( 52 * parameters(period).entitlements.social_security.young_parent_payment.weekly_income_threshold) return yearly_income < yearly_income_threshold