After Tax Income
Posted: Sun Apr 24, 2016 6:24 pm
I have been using the program for a few years now – one of the best on the market. I have a question about FRP’s overall ‘after tax income’ calculation. I believe the taxable basis of each account type is 100% for simplicity.
Q: How does the tax calculation of ‘additional inputs’ figure into the after tax income when there are different types of income entered? For example, in the additional inputs section I entered taxable dividends (15% tax rate) under Misc. Income, and Pension Income (ordinary income tax rate) – both 100% taxable.
Q: Is the program taxing the different types of income, with different tax rates, entered in additional inputs? Or, is the tax treatment of the various Cash flow types treated the same?
I hope what I'm asking is clear . Let me know if the question has been asked and there is a link.
Thanks!
Q: How does the tax calculation of ‘additional inputs’ figure into the after tax income when there are different types of income entered? For example, in the additional inputs section I entered taxable dividends (15% tax rate) under Misc. Income, and Pension Income (ordinary income tax rate) – both 100% taxable.
Q: Is the program taxing the different types of income, with different tax rates, entered in additional inputs? Or, is the tax treatment of the various Cash flow types treated the same?
I hope what I'm asking is clear . Let me know if the question has been asked and there is a link.
Thanks!