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| 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. |
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| 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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