2012 Budget Information - Benefits & Apportionment

By Bobbi Yeo, Canon for Administration & Finance   Apportionment: In 2012 we will continue using the new apportionment formula approved by the 2009 Diocesan Convention. The calculation applies a tiered rate system to assessable income as follows: Up to $60,000 of assessable income is assessed at 10% $60,001 - $120,000 of assessable income at 16% $120,001 and up of assessable income at 22% note that there has been no change in how apportionment is assessed since 2010 Exclusions from asse...