*Example: *

Total Annual Income – $10,000

Total Eligible Deductions – $3,000

Adjusted Annual Income – $7,000

Formula 1: $10,000 ÷ 12 Months = $833 x 30% = __$250__

Formula 2: $7,000 ÷ 12 Months = $583 x 10% = **$58**

Formula 3: **$50**

In this example, the total tenant payment would be $250, as it is the highest calculated amount between the three formulas.