/********************************************************* 2004 Self-Employment Tax calculator usage: seTax = calcSETax( seIncome, socSecWages, print ); Copyright 2007 Mark E. Gunnison *********************************************************/ function calcSETax( seIncome, socSecWages, printSchedule) { var taxWindow; var wstring; var seTax = 0; var seTax2 = 0; var line6 = 0; var line7 = 94200; //SocSec wage limit var line8 = 0; var line9 = 0; var line9a = 0; var line10 = 0; var line11 = 0; var line12 = 0; line6 = Math.round(seIncome * .9235); line8 = socSecWages; line9 = line7 - line8; if (line9 < 0) { line9 = 0; line10 = 0; } else { if (line6 < line9) { line10 = Math.round(line6 * .124); line9a = line6; } else { line10 = Math.round(line9 * .124); line9a = line9; } } line11 = Math.round(line6 * .029); seTax = line10 + line11; if (line6 < 400) seTax = 0; seTax2 = Math.round(seTax*.5); if (printSchedule == 1) { taxWindow = window.open('','Note','toobar=no,location=no,directories=no,status=no,scrollbars=yes,resizable=yes,copyhistory=no,width=400,height=390'); if (!taxWindow.opener) { taxWindow.opener = window; } wstring = "Self-Employment Tax Calculator"; wstring += "
"; wstring += ""; wstring += ""; wstring += ""; wstring += ""; wstring += ""; wstring += ""; wstring += ""; wstring += ""; wstring += ""; wstring += ""; wstring += ""; wstring += ""; wstring += ""; wstring += ""; wstring += "" ; wstring += "
Tax Computation:"; wstring += "
Self-employment earnings "+seIncome+"
92.35% of SE earnings "+line6+"
Maximum subject to Soc Sec "+line7+"
Total Soc Sec wages ("+line8+")
Untaxed earnings "+line9+"
Smaller of untaxed or 92.35% of SE"+line9a+"
Soc Tax at 12.4% "+line10+"
Medicare tax at 2.9% of total "+line11+"
Total SE tax "+seTax+"
Remember to deduct 50% from AGI "+seTax2+"
" ; wstring += "
" ; wstring += "
" ; wstring += ""; location.href="#Top"; taxWindow.focus(); taxWindow.document.write(wstring); //stop strange error one second... window taxWindow.document.close() ; } return( seTax ); }