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Old 02-06-2005, 01:56 PM
Chris Cowles
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Default Re: taxes in paychecks

Dick, you forgot that Most People Want(TM) it the way it is now.
--
Chris Cowles
Gainesville, FL



"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%23K6dGmFDFHA.228[at]tk2msftngp13.phx.gbl...
- quote -

> Why can't they add this? Well, they certainly COULD if they wanted to.
> There are some issues:



  #2  
Old 02-06-2005, 01:38 PM
Dick Watson
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Default Re: taxes in paychecks

Why can't they add this? Well, they certainly COULD if they wanted to. There
are some issues:

- If they generalize--as I think they should--they'd have to create an
entire grammar for specifying this kind of thing. (I.e., allow something
Excel- and VBA-like for specifying how you'd like to calculate these values.
E.g., entering something like the following in the value field for a
scheduled paycheck split item:

=Min((TotalByCat(ThisTxn,"Gross
Payable")+TotalByCat(ThisTxn,"Bonus")*MyFICA2005ra te,MyFICA2005cap-Dsum(Transactions,"Category='Taxes:Social
Security Taxes' and Year(Date)=ThisYear and Payee='Agilent Wages'"

)

- If they don't, they can just create fixed things that won't work in many
environments (if you change the categories, say or for internationally
localized versions) and require constant maintenance on their part for
things like tax rate changes. They already struggle keeping the Tax
Estimator even in the ballpark. This would be worse than doing nothing.

You'll note that the first case reflects the reality of trying to do what
you ask--you have to deal with things like the cap on the amount and the
possibility that categories have changed. You have to deal with rates that
can change and named constants. You have to deal with multiple wage
earners--and potentially with things like one of you changing employers in
the middle of the year.

If they tried to do the first case, they'd vastly complicate the product and
create a tremendous support headache because people wouldn't understand it
and/or would break it. The #1 way they determine what features to add/not
add is whether they will decrease or increase support costs. The #2 way is
whether they will decrease or increase usability lab acceptance by
grandmothers who don't yet use computers. (OK, the #1 way is probably
whether it will sell more ads. Renumber above.)

As much as I'd like to see this, it just isn't gonna happen. The entire
focus, since about M98 or so, has been on dumbing the product down. Look at
M05.

"Jeff P." <jeff_phil-NO[at]SPAM-yahoo.com> wrote in message
news:110c6kfova8lc26[at]corp.supernews.com...
- quote -

> This has always annoyed me. Why can't they add a feature so that I could
> just enter my gross pay and have it automatically figure out that social
> security is 6.2% and medicare is 1.45%, etc. I also have budget categories
> that I would like to tie as a fixed percentage to my variable income, and
> it has always bugged me that it won't do this. For example, say I wish to
> donate exactly 10% of my income to my church, but my income varies from
> week to week. There is no good way of entering this in the budget.



  #1  
Old 02-06-2005, 12:17 PM
Jeff P.
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Posts: n/a
Default Re: taxes in paychecks

This has always annoyed me. Why can't they add a feature so that I could
just enter my gross pay and have it automatically figure out that social
security is 6.2% and medicare is 1.45%, etc. I also have budget categories
that I would like to tie as a fixed percentage to my variable income, and it
has always bugged me that it won't do this. For example, say I wish to
donate exactly 10% of my income to my church, but my income varies from week
to week. There is no good way of entering this in the budget.

-Jeff


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:Orx%23Z1$CFHA.464[at]TK2MSFTNGP15.phx.gbl...
- quote -

> Money won't automagically calculate transaction amounts except for loan
> payments.
> You can enter all of the information off your paystub into the correct
> categories in the Money paycheck deposit.
> "nate m" <nate m[at]discussions.microsoft.com> wrote in message
> news:276D938C-A045-4114-A465-6CEC0528024A[at]microsoft.com...
> > I'm running money03. When entering paycheck information into the
> > transaction
> > form is it possible to have money calculate the taxes pulled out and put
> > the
> > totals into catagories?



 
Old 02-06-2005, 02:38 AM
Dick Watson
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Posts: n/a
Default Re: taxes in paychecks

Money won't automagically calculate transaction amounts except for loan
payments.

You can enter all of the information off your paystub into the correct
categories in the Money paycheck deposit.

"nate m" <nate m[at]discussions.microsoft.com> wrote in message
news:276D938C-A045-4114-A465-6CEC0528024A[at]microsoft.com...
- quote -

> I'm running money03. When entering paycheck information into the
> transaction
> form is it possible to have money calculate the taxes pulled out and put
> the
> totals into catagories?



  #-1  
Old 02-06-2005, 02:33 AM
nate m
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Posts: n/a
Default taxes in paychecks

I'm running money03. When entering paycheck information into the transaction
form is it possible to have money calculate the taxes pulled out and put the
totals into catagories?
 

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