; and (B) the family's available assets (determined in accordance with subsection (c)); (2) assessing such adjusted available income in accordance with an assessment schedule set forth in subsection (d); and (3) considering such assessment resulting under paragraph (2) as the amount determined under this subsection. (b) Family's available income (1) In general The family's available income is determined by deducting from total income (as defined in section 480)— (A) Federal income taxes; (B) an allowance for payroll taxes, determined in accordance with paragraph (2); (C) an income protection allowance, determined in accordance with paragraph (3); and (D) an employment expense allowance, determined in accordance with paragraph (4). (2) Allowance for payroll taxes The allowance for payroll taxes is equal to the sum of— (A) the amount earned by the student (and spouse, if appropriate), multiplied by the rate of tax under section 3101(b) of the Internal Revenue Code of 1986