* Martin Michlmayr <[email protected]> [2014-05-17 18:41]: > > Gross income: $5200 > > Family allowance (tax-exempt): $100 > > Taxes: $1700 > > Net income: $3500 > > BTW, there's a calculation error here. Either net income should be > $3600 or taxes $1800. But that's a just a minor detail. I found your > example very interesting and illuminating.
Oh, you probably meant gross income of $5200 consisting of $5100 taxable income and a $100 tax-exempt allowance. In my example, I assumed $5200 taxable inome plus the $100 tax-free allowance. Sorry for misunderstanding. -- Martin Michlmayr http://www.cyrius.com/ -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
