Wage Calculator
Okay, I whipped up a quick C++ wage calculator. It takes your hourly wage, hours/day, days/week, and how many weeks you intend to work. Then it deals with tax and such and spits out how much money you'll receive. Unfortunately, it's crippled because I haven't been able to find tax brackets for federal income tax for dependents. Anyone wanna help me out with this?
http://alloscomp.com/wagecalc.cpp
EXE at the same address.
EDIT: Fixed. If you make less than $22,100, you pay 15%. I worked all the way up to $100,000, but since the rest of the program is styled for minors, if you make over $100,000, get somebody else to do your taxes :)
EDIT 2: I made the same thing in Javascript, just for fun.
http://alloscomp.com/wagecalc.html
My coding works, but my tax data may be wrong. Let me know if it is.
posted by Eric @ 7:14 PM
8 Comments
8 Comments:
Isn't there a cutoff somewhere for minors (like 10,000) where you don't have to pay taxes - I'm pretty sure I didn't have to on my Scrabble stuff.
Less than or more than?
Nice to hear from you.
Dependants, over a certain amount, pay in their guardian's bracket - this is to prevent my dad from paying me 50 thousand a year for cutting the grass so we can split up his income and get lower overall tax. I think if you make less than 4000 a year or something, you don't pay tax, and anything above is taxed at your parent's rate. Not quite sure how it all works though, your best bet is to talk to a tax attorney :).
PS - I don't remember my password, it's saved in FF, but the new login system for comments doesn't work with the password completer thingy.
Log in with your Google account.
Ah got myself all migrated over to the new blogger.
Nice Scott...
The cutoff _was_ about 10K
maybe less though. I'm pretty sure its 1oK though.
And I'm sure that there's weird stuff included. Because you pay taxes if you are a bagger at Krogers, right?
I'm not sure. The whole point is just to make sure your parents aren't trying to cheat the IRS. I don't know exactly how they prevent it, but i'm sure it's unfair and probably more money ends up getting taken from us than what ordinarily would.
Yeah, it's called the kiddy tax law. If you make like > $1600 or something like that, it gets charged at your parent's rate. Eww.
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