0 0

Simple Income Tax Estimator

ABOUT THIS DOCUMENT

The Simple Income Tax Estimator provides a template spreadsheet that sets forth an easy six-step method for calculating an individual's estimated federal income tax. Please note that the estimator provides a general estimate only and is solely based on general and limited assumptions. The individual should enter a filing status, income, number of dependents, and deductions. The spreadsheet will then automatically calculate an estimated taxable income and an estimated tax amount owed.

Reads: 2047 times
Used: 21 times
Pages: 1
Size: 27 kb
Format: Excel Spreadsheet

Text Version

SIMPLE

INCOME TAX CALCULATOR





Step 1: Filing Status



Enter your filing status. Single







Amount







Step 2: Income



Enter your total anticipated annual income. $ 95,000



Include salary, wages, bonuses, self-employment and unemployment compensation, dividends and interest.









Step 3: Dependents



Enter your total number of dependents. 1







Step 4: Deductions (if any)



Enter the total for your each of your deductions.







1. Healthcare Expenses $ 1,000



2. Taxes Paid $ 2,000



3. Interest Paid $ 1,000



4. Charitable Contributions $ 500



5. Other $ 2,000



Total Deductions $ 6,500







Step 5: Taxable Income (Auto Calculate-Do Not Edit) $ 90,550







Step 6: ESTIMATED TAX AMOUNT YOU OWE $ 17,205



© Copyright 2013 Docstoc Inc.

Sign-up for Docstoc Premium
Registration enables you to experience on site recommendations of documents, articles, packages and courses as well as recommendation emails for the content we think you'll love the most
Already a member?
Don't have a Facebook account?
Register with E-mail

Enter a valid email address (xxx@xxx.com)
Preloader
By registering with docstoc.com you agree to
our privacy policy and terms of service
Sign-in
Complete Access to Over 20 Million Professional Documents Including Premium Legal Contracts & Business Forms
Hundreds of Hours of Online Courses & Video Tutorials
24/7 Premium Customer Support
No Cost - No Obligation - No Risk
Use your email and password to sign-in here.
Click forgot your password if you need help.
Need to register?
Forgot Password?
Complete Access to Over 20 Million Professional Documents Including Premium Legal Contracts & Business Forms
Hundreds of Hours of Online Courses & Video Tutorials
24/7 Premium Customer Support
No Cost - No Obligation - No Risk
Use your email and password to sign-in here.
Click forgot your password if you need help.
Need to register?
Don't have a Facebook account?
Login with your Docstoc account.


Email or Username

Preloader

1. Please rate your experience on the following scale:


2. Would you recommend Docstoc to a friend?


Submit

Would you be interested in taking a longer survey for a chance to win a 1-month free subscription to Docstoc Premium?