I'm trying to write a program that will give a estimate (fairly close estimate) for determine what amount of money deducted pre-taxed, will cause your taxable income to drop a tax bracket.
What I'm looking for is an excel file for tax rates on salary income. I'm assuming you take the gross * (# payperiods in year) for annualized salary and use that as a base (depending on the # of dependants on the w4) would give you the % to charge for fed inc tax. Is that how it works? (Annualized Salary - pre tax $) * (% based on dedecutions from table) = Fed withholding $ I'm not looking to include state / FICA at this point Is the above the correct method for determining taxable income for a paycheck, and if it is via tables where can I get the table in computer readable format. George George Gallen Senior Programmer/Analyst Accounting/Data Division [EMAIL PROTECTED] ph:856.848.1000 Ext 220 SLACK Incorporated - An innovative information, education and management company http://www.slackinc.com -- u2-users mailing list [EMAIL PROTECTED] http://www.oliver.com/mailman/listinfo/u2-users
