The data input appears on the left hand side of the screen. Some fields may not be present, depending upon how the employer file is configured, and are noted as optional. The prompts are discussed below:

Employer

Select the employer file. If the employer file is not listed, it may be configured by clicking on the employer file editor button

(). For more information on the employer file editor, click here.

State (optional)

This displays the state withholding tables being used. By clicking on the button, the state may be changed.

Also, by clicking on the down arrow on the right side of the button, the tax withholding year for both the federal and state taxes may be changed (if it is available).

Tax withholding years are selectable (as shown above). This is useful if the employer is not using up to date withholding tables, or when the client's paycheck stub is from the previous tax year.  Note that when the Paycheck calculator is started, it will always use the current withholding tax tables.

DOB

This is the date of birth for the client or spouse.

Incomes

Gross Income per Paycheck

Enter the gross income per paycheck.

Additional Income (optional)

Additional income may be from coaching or other sources, and may be taxed differently, as configured in the employer file editor.

Summer Pay (optional)

Summer pay, or deferred pay, is normally associated with school districts, and is money withheld from a normal paycheck to be distributed during the summer months when school employees are not working. There are three options to select from:

None: Do not calculate summer pay.

Use Employer Values: Use the settings from the employer file.

Use Custom Values: Create custom settings. The button to the right will become enabled, and the summer pay may be configured for this client. For more information about configuring the summer pay editor, click here.

Pre-Tax Withdrawals

Pre-Tax 125 (optional)

Enter the value for a pre-tax 125 (cafeteria) plan. Note that pre-tax contributions are withheld prior to Medicare and FICA. By clicking on the editor button () to the  right of the data input field, the value may be entered by using an itemized list.

403(b) (configurable) and 457 (configurable, optional)

This prompt may appear differently, and the input will be either a percent or a dollar value, depending upon the configuration of the employer file's Retirement Plan tab. The secondary plan (shown as 457 here) may be hidden by configuring the employer file editor's Visible Field tab.

The prompts may be changed by editing the employer file (shown above), or by right clicking over the Paycheck calculator and selecting the Employer Primary Fund Type or Employer Secondary Fund Type.

Pension Plan (optional)

This is a retirement plan that the advisor is normally not involved with, such as a state sponsored retirement plan. It is configured in the employer file editor.

Taxation

Federal Status

Select the federal withholding status for the client.

Federal Allow

Select the number of federal withholding allowances for the client.

Add. Federal Tax

Enter any additional federal tax the client is having withheld.

State Status (optional)

Select the state status. This list will differ depending upon which state is selected, and may also change depending on which tax year is selected.

State Allow (optional)

 Select the number of state withholding allowances for the client.

Add State Tax (optional)

Enter any additional state tax the client is having withheld.

Local Tax Value (configurable, optional)

The method for local tax is configured in the employer file editor.

Roth

403(b) Roth and TSA Roth (configurable, optional)

Both prompts may or may not appear. They are configured in the employer file editor.

After-Tax Deductions (optional)

Enter the value for the after tax deductions. The editor button to the right of the input will allow for the value to be entered by using an itemized list.