/********************************************************* 1999 exemption phase out Calculation usage: exemptions = calcExemptPhaseOut( agi, totalExemptions, married, print ); Copyright 2000 Mark E. Gunnison *********************************************************/ function calcExemptPhaseOut( agi, totalExemptions, married, print ) { var taxWindow; var wstring; var SINGLE = 126600; var MARRIED = 189950; var exempt=0; var income = 0; var limit1 = 0; var remainder = 0; var lostExemptions = 0; if (!married) { limit1 = SINGLE; // Single } else { limit1 = MARRIED; // Married } excess = agi-limit1; if (excess < 0) excess = 0; remainder = Math.ceil(excess/2500); exemptions = totalExemptions-(remainder*.02*totalExemptions); if (exemptions < 0) exemptions = 0; if (print) { taxWindow = window.open('','Note','toobar=no,location=no,directories=no,status=no,scrollbars=yes,resizable=yes,copyhistory=no,width=330,height=330'); if (!taxWindow.opener) { taxWindow.opener = window } wstring = "Exemption Phase out Calculator" wstring += "
" wstring += "" wstring += "" wstring += "" wstring += "" wstring += "" wstring += "" wstring += "" wstring += "" wstring += "" wstring += "" wstring += "
Exemption Phase Out:
1 Total exemptions "+totalExemptions+"
2 AGI "+agi+"
3 First tear "+limit1+"
4 Excess "+excess+"
5 Excess/2500 "+remainder+"
6 Line 5 x 2% "+(remainder*.02)+"
7 Exemptions lost "+(remainder*.02*totalExemptions)+"
8 Deduction for Exemptions "+exemptions+"
" wstring += "
" wstring += "
" wstring += "" location.href="#Top"; taxWindow.focus() taxWindow.document.write(wstring); taxWindow.document.close() } return( exemptions ); }