Lesson 1.4: Tax and Salary


  1. Click New Accounts File on the File menu. This will create a new account with all amounts set to zero.
  2. Initially we only want see the effects over one year so click "1" in the Years dropdown list.
  3. Ensure that the Salary button is in the down position, so that the text box is editable, and the Salary figure is included in all calculations.
  4. Now enter a figure of $10,000 in the text box and press the ENTER key.
  5. Notice that $10,000 appears in the Net Salary row.
  6. Click on the Tax/Inflation tab under the main Account Details tab to reach the tax editing control.
  7. Make sure the Tax button is in the down position. This causes all calculations to include whatever tax has been set, and allows the tax rate to be edited.
  8. Enter a tax rate of 25%, either by typing in the number (and pressing the ENTER key), or by using the clickspin arrows.
  9. Notice that Net Salary (in the table) has been reduced to $7,500.
  10. Now click the Tax button to exclude the effect of tax. Net Salary is again $10,000. Using these controls you can see the effects of different tax rates, or the effect of excluding all tax.


Copyright © 2003-2010 FKJ Software - All rights reserved