| Caveats
1.� State
Income Tax - The Estimator WON'T calculate
your state income tax (if you are in a state where your
are unfortunate enough to have state taxes).� The
calculations differ from state to state...it was just
too complex.� However, you can insert your results
into the spreadsheet once you figure your state taxes
out.
2.� Excel
Spreadsheet - The Estimator is an Excel 97
spreadsheet.� If you have an earlier version, it
may not work for you.
3.� An Estimate
Only - Due to the differing ways that companies
compute taxes, etc., the estimate that you receive with
our estimator may not be precise.� I tested it out
with my own paycheck, and I was about $2 off.�
However, you should be able to come pretty close (that
is why I call it an estimator!).�
4.� Semi-Monthly
Pay Only - Due to the complexity of the
calculations, I only included the ability to compute net
pay for those of us who get paid 2 X a month.� If
you get paid every 2 weeks (or some other time period),
your net pay estimate will be less accurate in the
income tax component.� However, every other
component should be ok...so you will still have a decent
estimate, though it won't be as close.�
5.� Withholding
Allowances - You need to be able to calculate how
many withholding allowances that apply to you.�
Follow the directions carefully.
6.� Other - If you
have some other type of deduction that is
"pre-tax"��medical deduction, make
sure and include it in the spreadsheet.
Net
Pay Estimator (135 K) Note:�
"Right-Click" on this link and then
press� "Save Target As"...then proceed to
save it on your hard drive.��
If you try to just
click on this normally, it will ask you for a user name
and password.� In that case, just select
"cancel" and you will still be able to
download it.��
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