What is "taxable percent" on the additional input panel for?

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frp user
Posts: 65
Joined: Fri Feb 29, 2008 12:55 pm

What is "taxable percent" on the additional input panel for?

Post by frp user »

Hi I am not sure what to input in the "Taxable Percent" box under the additional income cash flow section. I thought it was the percent of that income that would be subject to income tax but that does'nt seem to work out correctly.

If you could clarify this for me I would love it.
Thank you Ron
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admin
Site Admin
Posts: 79
Joined: Thu Feb 28, 2008 5:27 pm

Re: What is "taxable percent" on the additional input panel for?

Post by admin »

Ron,

Thanks for trying out the planner...

The taxable percent box under the additional income cash flow section allows you to specify what percent of the income amount is subject to income taxes.

Each year, the taxable part of the cash flow will be reduced by the income tax rate that's in effect for that year.

Please let me know if that answers your questions.

Regards,

Jim
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