Common use of Annual Subsidy Calculation Clause in Contracts

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 $20,000 and below 50% $20,001 - $30,000 40% $30,001 - $40,000 30% $40,001 - $50,000 Section 5. Program Application Procedures. 20%