PUBLIC LAW 102-325—JULY 23, 1992 106 STAT. 593
- (2) ADJUSTMENT TO STUDENT INCOME.— The adjustment to
student income is equal to the sum of— "(A) Federal income taxes oftitlestudent;
- (B) an allowance for State and other income taxes (determined in accordance with paragraph (3));
"(C) an allowance for social security taxes determined in accordance with paragraph (4); and "(D) an income protection allowance of $1,750. "(3) ALLOWANCE FOR STATE AND OTHER INCOME TAXES. — The allowance for State and other income taxes is equal to an amount determined by mxiltiplying total income (as defined in section 480) by a percentage determined according to the following table (or a successor teble prescribed by the Secretary under section 478): "Percentages for Computation of State and Other Tax Allowance The per- If the students' State or territory of residence is— centage is— Alaska, American Samoa, Florida, Guam, Nevada, South Dakota, Tennessee, Texas, Trust Territory, Virgin Islands, Washington, Wyoming 0 Connecticut, Louisiana, Puerto Rico 1 Arizona, New Hampshire, New Mexico, North Dakota 2 Alabama, Colorado, Illinois, Indiana, Kansas, Mississippi, Missouri, Montana, Nebraska, New Jersey, Oklahoma 3 Arkansas, Georgia, Iowa, Kentudcy, Maine, Pennsylvania, Utah, Vermont, Virginia, West Virginia, Canada, Mexico 4 California, Idaho, Mfussachusetts, North Carolina, Ohio, Rhode Island, South CaroUna 5 Hawaii, Maryland, Michigan, Wisconsin 6 Delaware, District of Coltunbia, Minnesota, Oregon 7 New York 8 "(4) ALLOWANCE FOR SOCIAL SECURITY TAXES. —The allowance for social security taxes is equal to the amount earned by the student multiplied by the social security withholding rate appropriate to the tax year of the earnings, up to the maximum statutory social security tax withholding amount for that same tax year. "(5) The student's available income (determined in accordance with paragraph (1) of this subsection) is assessed at 50 percent. "(h) STUDENT CONTRIBUTION FROM ASSETS.— The student contribution from assets is determined by calculating the net assets of the student and multiplying such amount by 35 percent, except that the result shall not be less than zero. "(i) ADJUSTMENTS TO PARENTS' CONTRIBUTION FOR ENROLLMENT PERIODS OTHER THAN 9 MONTHS FOR PURPOSES OTHER THAN SUB- PART 2 OF PART A OF THIS TITLE.—For periods of enrollment other than 9 months, the parents' contribution from adjusted available income (as determined under subsection (b)) is determined as follows for purposes other than subpart 2 of part A of this title: "(1) For periods of enrollment less than 9 months, the parents' contribution from adjusted available income is divided by 9 and the result multiplied by the number of months enrolled. "(2) For periods of enrollment greater than 9 months—
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