home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
Business Assistant
/
Business Assistant.iso
/
home
/
takehome
/
takehome.doc
< prev
next >
Wrap
Text File
|
1989-03-11
|
37KB
|
896 lines
TakeHome Pay Calculation
Copyright 1989, All Rights Reserved
Programmed by R. G. Farnam
P. O. Box 333
Barker, TX 77413-0444
CompuServe 71350,1375
GEnie R.GFarnam
INTRODUCTION
TakeHome was created as a way determine a quick "what-if"
scenario when changing withholding exemptions. I wanted to know
what the tax withheld and the amount of take-home pay would be if I
were to make a change with my employer for withholding tax
purposes. Along these lines, it has developed into a tool for
individuals and businesses alike.
INDIVIDUALS
TakeHome can be used to create several "what-if" situations.
After you have entered your current payroll information taken from
your pay-stub, you can determine how much federal (and optionally
state and local) tax would be withheld from your paycheck. You
will be able to list up to 15 ranges on each listing (i.e. from
single or married with 0-15 exemptions, 16-31, etc.). With this
information, you can fine-tune your withholding allowances to meet
your tax liability without giving the government an interest free
loan of your tax money. There are benefit plans (401-K and Section
125) that will reduce your tax liability at the end of each year.
TakeHome will show you the effect of these plans on your monthly
income if you participate in them.
Getting a pay raise? TakeHome will let you see just how much
take-home pay you will get before you receive your first check!
Finally, you will be able to check up on your employer to make sure
that the proper amount of withholding is being taken out of your
paycheck each pay period.
SMALL BUSINESSES
TakeHome can take the headache out of going thru the tax
tables at payroll time. The program will even produce a customized
pay-stub for you to attach to the checks you give to your
employees. If you are operating with a manual payroll system,
keeping a ledger account on each employee for W-2 purposes, you can
produce more than one copy of the pay stub, either posting directly
yourself (if you keep your own books) or giving it to your
bookkeeper to post. TakeHome should help you breeze through your
payroll duties.
LARGE CORPORATIONS
Even though your payroll may be computerized, there are many
occasions (performance awards, vacation pay, bonuses, employees
terminating before the end of the pay period, etc.) when payments
will be made to employees between your normal payroll processing.
You can compute the employees' taxes and create pay-stubs for such
occassions by using TakeHome. Have you ever been plagued with
requests from employees wanting to know what effect various
exemptions would have upon their take-home pay? TakeHome is a
payroll department's dream solution. You can strategically locate
copies of TakeHome on computers throughout the company so that
employees can do their own "dirty work" and figure it out for
themselves! TakeHome is currently in use by a Fortune 500 company
and has been a beneficial relief to the Payroll Department.
TakeHome Payroll Program Page -2-
TABLE OF CONTENTS
Introduction . . . . . . . . . . . . . . . . 2
Shareware . . . . . . . . . . . . . . . . . 4
Disclaimer . . . . . . . . . . . . . . . . . 4
Getting Started . . . . . . . . . . . . . . 5
System Requirements
Files Included
Installing TakeHome
Program Operation . . . . . . . . . . . . . 6
Starting TakeHome . . . . . . . . . . . 6
Enter Command . . . . . . . . . . . . . 7
Gross Pay
Federal Exemption Status
State Exemption Status
Local Status
State Income Tax
Section 125 Deductions
401-K Deductions
Other Deductions
Change Command . . . . . . . . . . . . . 8
Clear Command . . . . . . . . . . . . . 8
Partial Command . . . . . . . . . . . . 8
Exemption Command . . . . . . . . . . . 9
401-K Command . . . . . . . . . . . . . 10
Tables Command . . . . . . . . . . . . . 11
Print Command . . . . . . . . . . . . . 11
Help Command . . . . . . . . . . . . . . 12
Register Command . . . . . . . . . . . . 12
Shell Command . . . . . . . . . . . . . 13
Quit Command . . . . . . . . . . . . . . 13
Acknowledgements . . . . . . . . . . . . . . 14
About the Author . . . . . . . . . . . . . . 14
TakeHome Payroll Program Page -3-
SHAREWARE
TakeHome is being distributed under the SHAREWARE
distribution method. You can try it before you buy it! You are
granted a limited license to use TakeHome for a two week period.
If after two weeks you are still using TakeHome or have future
plans for the occassional use of TakeHome, you are expected to pay
for it. Many hours of programming and de-bugging have gone into
this ShareWare version of the program. To register, simply choose
the register option within the TakeHome program. You will be asked
questions for the completion of the form and the completed form
will be printed out on your printer. Since TakeHome is marketed as
ShareWare, only your conscience can be your guide. "There ain't
such a thing as a `free' lunch anymore!"
WHAT DO YOU GET BY REGISTERING?
1. You will receive your own serialized copy of the latest
version of TakeHome which can by-pass ShareWare notices.
2. You will receive this printed manual for the program's
use.
3. You will be notified of future up-grades of TakeHome.
4. You will have the option (for a slight additional fee) of
having your TakeHome program customized for the automatic
computation of any state and/or local payroll taxes in
your locality (limited to the 50 United States).
5. You can be registered on the author's BBS where you will
receive product support, as well as, the latest version
of TakeHome and many other fine ShareWare, FreeWare and
Public Domain software products. (This is a 300 MEG RBBS-
PC system!)
6. Site-licenses are available at a reduced cost for putting