Annual Subsidy Calculation. Monthly subsidies paid will be calculated based on the below formulas: Total Household Income % of Child Care Costs Paid by Employer $20,000 and below 50% $20,001 - $30,000 40% $30,001 - $40,000 30% $40,001 - $50,000 20%
Annual Subsidy Calculation. Monthly subsidies paid will be calculated based on the below formulas: Total Household Income % of Child Care Costs Paid by Employer $50,000 and below 50% $50,001 - $70,000 40% $70,001 - $80,000 30% $80,001 - GS-12, Step 4 in WDC** 20% **To be eligible to participate in this program, an employee’s household total Adjusted Gross Income must be no more than the rate of a GS 12, Step 4, in the Washington, DC, locality pay area..
Annual Subsidy Calculation. Monthly subsidies paid will be calculated based on the below formulas: Total Household Income % of Child Care Costs Paid by Employer $40,000 and below 50% $40,001 - $50,000 40% $50,001 - $60,000 30% $60,001 - * 20% (or equivalent to GS 11, Step 4 (*see below) which will include annual Cost of Living Allowances [COLA]) *To be eligible to participate in this program, an employee must have a total household income of no more than the rate of a GS 11, Step 4, including any applicable WDC locality pay. Therefore, if the employee salary exceeds the rate of a GS 11, Step 4 (WDC Salary), the employee is not eligible to participate in the Child Care Subsidy Program.
