Personal Finance 1 Income Statement

Personal Finance 1 Income Statement - $58,000 $0 $58,000...

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2008 TAXABLE INCOME Filer Spouse Earned Income Wages, Salaries and Tips $45,000 $0 Bonuses and Commissions $2,000 $0 Other $15,000 $0 Total $62,000 $0 Unearned Income Alimony $0 $0 Interest / Dividends / Capital Gains $0 $0 Rental Income Received $0 $0 Tax Refunds $2,000 $0 Other $0 $0 Total $2,000 $0 Total Taxable Income $64,000 $0 Salary Reduction for Employer-Sponsored Benefits Life Insurance Expenses $1,500 $0 Health Insurance Expenses $4,000 $0 Disability Insurance Expenses $0 $0 Other Pre-tax Benefit Expenses $0 $0 Tax-Sheltered Retirement Contributions $500 $0 Adjusted Taxable Income
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Unformatted text preview: $58,000 $0 $58,000 NONTAXABLE INCOME Allowances (Family, Trust, etc.) $0 $0 Child Support $0 $0 Scholarships / Grants / Loans $0 $0 Public Assistance $0 $0 Nontaxable Gifts $0 $0 Total Nontaxable Income $0 $0 $0 TAX CALCULATIONS Part 1 Federal Income Tax Estimate $8,606 Social Security / FICA Estimate $4,743 State Income Tax Estimate none in FL (Taxes Subtotal) $13,349 Disposable Income (Available to spend, save, or invest) $44,651 INCOME STATEMENT WORKSHEET For Target Year...
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This note was uploaded on 07/31/2011 for the course NUTRITION 101 taught by Professor Zahora during the Spring '11 term at Gardner-Webb.

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