XN000022-1977-05-11 — Page 4

WEDNESDAY, MAY 11, 1977

EXAMPLE 2 MARRIED PERSON, WITH NO CHILDREN, EARNING $40,000 A YEAR

LESS:

SALARY

MARRIED ALLOWANCE

$40,000

25,000

$15,000

ADD:

+CLAW BACK+ (15% OF $15,000)

2,250

NET CHARGEABLE INCOME

$17,250

TAX THEREON

$ 1,225

NOTE: (ACTUAL SUPPLEMENTARY PERSONAL ALLOWANCE IS THEREFORE

$5,000 - $2,250 $2,750)

EXAMPLE 3 MARRIED PERSON WITH ONE CHILD, EARNING $45,000 A YEAR

LESS:

SALARY

MARRIED ALLOWANCE

$45,000

25,000

$20,000

ADD:

+CLAW BACK+ (15% OF $20,000)

3,000

$23,000

LESS: CHILD ALLOWANCE (AS INCREASED)

4,000

NET CHARGEABLE INCOME

$19,000

TAX THEREON

$ 1,400

NOTE ACTUAL SUPPLEMENTARY PERSONAL ALLOWANCE IS THEREFORE $5,000

$3,000 - $2,000)