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Old 04-07-2005, 08:41 PM
Chris Cowles
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Posts: n/a
Default Re: Entering 2 incomes, one self-employed

Use the paycheck wizard for your wife. Consider a business version of Money
for your own income, but you can do much of the same by creating liability
accounts for taxes owed, etc.
--
Chris Cowles
Gainesville, FL


"bmuse21" <bmuse21[at]discussions.microsoft.com> wrote in message
news:340E95C6-C518-4D8B-8495-F5FDD041D8C2[at]microsoft.com...
- quote -

> My wife's income is from an employer, who withholds taxes. I am
> self-employed, so my freelance income has no taxes withheld.
> What's the right way to enter the income(s) in Money? Should my wife's be
> entered as Paycheck--> Net Pay?
> I plan to use Money to estimate quarterly withholding taxes for myself,
> but
> do not want my wife's income included in that calculation. Do I need to
> specifically label income as either hers or mine? Or will Money know that
> "Net Pay" has already had taxes taken out?
> Thanks for any help.



  #-1  
Old 04-07-2005, 08:25 PM
bmuse21
Guest
 
Posts: n/a
Default Entering 2 incomes, one self-employed

My wife's income is from an employer, who withholds taxes. I am
self-employed, so my freelance income has no taxes withheld.

What's the right way to enter the income(s) in Money? Should my wife's be
entered as Paycheck--> Net Pay?

I plan to use Money to estimate quarterly withholding taxes for myself, but
do not want my wife's income included in that calculation. Do I need to
specifically label income as either hers or mine? Or will Money know that
"Net Pay" has already had taxes taken out?

Thanks for any help.
 

Tags
entering, incomes, selfemployed
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