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					Case Name                          FOUNDATION                                22-Aug-11
Case #
                                   ESTIMATE OF DISPOSABLE INCOME
                                       TAXCLC10

MAN              Age:                      40     WOMAN          Age:                  40        WOMAN
Filing Status:                              1     Filing Status:                        1      NET ANNUAL
Exemptions:                                 1     Exemptions:                           1   SPENDABLE INCOME
Exemptions<Age 17                           0     Exemptions<Age 17                     0        $0.00
Soc Sec Status:                             1     Soc Sec Status:                       1
Earned Income:                              0     Earned Income:                        0         MAN
Other Income:                               0     Other Income:                         0      NET ANNUAL
# of Children with:                         0     # of Children with:                   0   SPENDABLE INCOME
Child Sup. Paid                             0     Child Sup. Paid                       0        $0.00
Child Sup. Rec.                             0     Child Sup. Rec.                       0
Maintenance Pd.                             0     Maintenance Pd.                       0    GROSS MONTHLY
Maintenance Rec.                            0     Maintenance Rec.                      0     MAINTENANCE
RE Tax on Home                              0     RE Tax on Home                        0        $0.00
Interest on Home                            0     Interest on Home                      0
Other Itemized Deducts                      0     Other Itemized Deducts                0    GROSS MONTHLY
Rent-ht/no                     0            0     Rent-ht/no             0              0    CHILD SUPPORT
Child Care                                  0     Child Care                            0        $0.00
Monthly Disposable                         0 Monthly Disposable                        0
Income                              #DIV/0!       Income                     #DIV/0!            COMBINED
                                                                                               NET ANNUAL
Taxable Income                                0   Taxable Income                       0    SPENDABLE INCOME
Fed Inc Tax                                   0   Fed Inc Tax                          0         $0.00
Child Tax Credit                              0   Child Tax Credit                     0
Child Care Credit                             0   Child Care Credit                    0
Earned Income Credit                          0   Earned Income Credit                 0
Soc Sec Tax                                   0   Soc Sec Tax                          0
State Inc Tax                                 0   State Inc Tax                        0
Total Net Tax                                 0   Total Net Tax                        0


                                   ALTERNATE ASSUMPTIONS
MAN                                           WOMAN
Maint. Pd.                                  0 Maint.Pd.                                 0
Child Sup. Pd.                              0 Child Sup.Pd.                             0
DISP INC / MO                               0 DISP INC / MO                             0

Maint. Pd.                                    0 Maint.Pd.                               0
Child Sup.Pd.                                 0 Child Sup.Pd.                           0
DISP INC / MO                                 0 DISP INC / MO                           0

KEY-For Filing Status,1=Single,2=Head of Houshld,3=Married Jt,4=Married
Separate; For Soc Sec status,1=Employee,2=Self Employed
Revised 12/15/2009                This is Beta Version          by Mac Davis
Case Name:                 Earned Income Credit                          22-Aug-11
Case #
                          ESTIMATE OF DISPOSABLE INCOME
                                       TAXCLC10

MAN              Age:                      40WOMAN          Age:                  40        WOMAN
Filing Status:                              1Filing Status:                        2      NET ANNUAL
Exemptions:                                 4Exemptions:                           1   SPENDABLE INCOME
Exemptions<Age 17                           3Exemptions<Age 17                     0      $41,964.00
Soc Sec Status:                             1Soc Sec Status:                       1
Earned Income:                              0Earned Income:                    23000
Other Income:                               0Other Income                          0         MAN
Investment Income:                          0Investment Income:                    0      NET ANNUAL
# of Children with:                         0# of Children with:                   1   SPENDABLE INCOME
Child Sup. Paid                             0Child Sup. Paid                       0        $0.00
Child Sup. Rec.                             0Child Sup. Rec.                       0
Maintenance Pd.                             0Maintenance Pd.                       0    GROSS MONTHLY
Maintenance Rec.                            0Maintenance Rec.                  26400     MAINTENANCE
RE Tax on Home                              0RE Tax on Home                        0      $2,200.00
Interest on Home                            0Interest on Home                      0
Other Itemized Deducts                      0Other Itemized Deducts                0
Rent-ht/no                     0            0Rent-ht/no             0              0       COMBINED
Child Care                                  0Child Care                            0      NET ANNUAL
Monthly Disposable                         0 Monthly Disposable                3497    SPENDABLE INCOME
Income                                 0.00% Income                       100.00%         $41,964.00

Taxable Income                              0   Taxable Income                 37350
Fed Inc Tax                                 0   Fed Inc Tax                     5005
Child Tax Credit                            0   Child Tax Credit                   0
Child Care Credit                           0   Child Care Credit                  0
Earned Income Credit                        0   Earned Income Credit            2083
Soc Sec Tax                                 0   Soc Sec Tax                     1760
State Inc Tax                               0   State Inc Tax                   2751
Total Net Tax                               0   Total Net Tax                   7433


                                   ALTERNATE ASSUMPTIONS
MAN                                           WOMAN
Maint. Pd.                                  0 Maint.Pd.                            0
Child Sup. Pd.                              0 Child Sup.Pd.                        0
DISP INC / MO                               0 DISP INC / MO                     1783

Maint. Pd.                                  0 Maint.Pd.                            0
Child Sup.Pd.                               0 Child Sup.Pd.                        0
DISP INC / MO                               0 DISP INC / MO                     1711

KEY-For Filing Status,1=Single,2=Head of Houshld,3=Married Jt,4=Married
Separate; For Soc Sec status,1=Employee,2=Self Employed
Revised 12/15/2009                This is Beta Version          by Mac Davis
Case Name:                  Non-Taxable Income                              22-Aug-11
Case #
                       ESTIMATE OF DISPOSABLE INCOME
                                       TAXCLC10

MAN             Age:                       35    WOMAN          Age:               35        WOMAN
Filing Status:                              1    Filing Status:                     2      NET ANNUAL
Exemptions:                                 1    Exemptions:                        2   SPENDABLE INCOME
Exemptions<Age 17                           0    Exemptions<Age 17                  0      $20,304.00
Soc Sec Status:                             1    Soc Sec Status:                    1
Earned Income:                          16000    Earned Income:                 16000
Non Tax SSI-SSDI-VA                          0   Non Tax SSI-SSDI-VA                0         MAN
Investment Income:                          0    Investment Income:                 0      NET ANNUAL
# of Children with:                         0    # of Children with:                1   SPENDABLE INCOME
Child Sup. Paid                          2720    Child Sup. Paid                    0      $11,028.00
Child Sup. Rec.                             0    Child Sup. Rec.                 2720
Maintenance Pd.                             0    Maintenance Pd.                    0    GROSS MONTHLY
Maintenance Rec.                            0    Maintenance Rec.                   0     MAINTENANCE
RE Tax on Home                              0    RE Tax on Home                     0        $0.00
Interest on Home                            0    Interest on Home                   0
Other Itemized Deducts                      0    Other Itemized Deducts             0
Rent-ht/no                     0            0    Rent-ht/no             0           0       COMBINED
Child Care                                  0    Child Care                         0      NET ANNUAL
Monthly Disposable                       919     Monthly Disposable             1692    SPENDABLE INCOME
Income                                35.20%     Income                        64.80%      $31,332.00

Taxable Income                           6650    Taxable Income                   300
Fed Inc Tax                               665    Fed Inc Tax                       30
Child Tax Credit                            0    Child Tax Credit                   0
Child Care Credit                           0    Child Care Credit                  0
Earned Income Credit                        0    Earned Income Credit            3172
Soc Sec Tax                              1224    Soc Sec Tax                     1224
State Inc Tax                             363    State Inc Tax                    331
Total Net Tax                            2252    Total Net Tax                  -1587


                                   ALTERNATE ASSUMPTIONS
MAN                                           WOMAN
Maint. Pd.                                  0 Maint.Pd.                             0
Child Sup. Pd.                              0 Child Sup.Pd.                         0
DISP INC / MO                            1146 DISP INC / MO                      1466

Maint. Pd.                                  0 Maint.Pd.                             0
Child Sup.Pd.                               0 Child Sup.Pd.                         0
DISP INC / MO                            1146 DISP INC / MO                      1400

KEY-For Filing Status,1=Single,2=Head of Houshld,3=Married Jt,4=Married
Separate; For Soc Sec status,1=Employee,2=Self Employed
Revised 12/15/2009                This is Beta Version          by Mac Davis
Case Name                     ALTERNATE PAYEE                                22-Aug-11
Case #
             AFTER-TAX ESTIMATE OF QDRO DISTRIBUTION
                                       TAXCLC10

ALT PAYEE        Age:                      45     ALT PAYEE Age:                    45
Filing Status:                              1     Filing Status:                     1
Exemptions:                                 1     Exemptions:                        1
Exemptions<Age 17                           0     Exemptions<Age 17                  0
Soc Sec Status:                             1     Soc Sec Status:                    1
Earned Income:                              0     Earned Income:                     0
Other Income:                               0     QDRO Distribution                  0
Investment Income:                          0     Investment Income:                 0
# of Children with:                         0     # of Children with:                0
Child Sup. Paid                             0     Child Sup. Paid                    0
Child Sup. Rec.                             0     Child Sup. Rec.                    0
Maintenance Pd.                             0     Maintenance Pd.                    0
Maintenance Rec.                            0     Maintenance Rec.                   0
RE Tax on Home                              0     RE Tax on Home                     0
Interest on Home                            0     Interest on Home                   0
Other Itemized Deducts                      0     Other Itemized Deducts             0
Rent-ht/no                     0            0     Rent-ht/no             0           0       NET AFTER-TAX
Child Care                                  0     Child Care                         0          LUMP SUM
Monthly Disposable                          0     Monthly Disposable                0      QDRO DISTRIBUTION
Income                              #DIV/0!       Income                     #DIV/0!             $0.00

Taxable Income                                0   Taxable Income                       0
Fed Inc Tax                                   0   Fed Inc Tax                          0
Child Tax Credit                              0   Child Tax Credit                     0
Child Care Credit                             0   Child Care Credit                    0
Earned Income Credit                          0   Earned Income Credit                 0
Soc Sec Tax                                   0   Soc Sec Tax                          0
State Inc Tax                                 0   State Inc Tax                        0
Total Net Tax                                 0   Total Net Tax                        0


                                   ALTERNATE ASSUMPTIONS
MAN                                           WOMAN
Maint. Pd.                                  0 Maint.Pd.                                0
Child Sup. Pd.                              0 Child Sup.Pd.                            0
DISP INC / MO                               0 DISP INC / MO                            0

Maint. Pd.                                    0 Maint.Pd.                              0
Child Sup.Pd.                                 0 Child Sup.Pd.                          0
DISP INC / MO                                 0 DISP INC / MO                          0

KEY-For Filing Status,1=Single,2=Head of Houshld,3=Married Jt,4=Married
Separate; For Soc Sec status,1=Employee,2=Self Employed
Revised 12/15/2009                This is Beta Version          by Mac Davis
                       DIVORCE FINANCIAL SOLUTIONS
                   Divorce Financial Counselors and Divorce Financial Analysts
                                   2229 South Kinnickinnic Avenue
                                           Milwaukee, WI 53207
                                              (414) 294-4755
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 1 Enter the total amount from box 5 of all your Forms SSA-1099 and Forms
   RRB-1099. Also, enter this amount on Form 1040, line 20a                             1 $0.00
 2 Enter one-half of line 1                                                             2 $0.00
 3 Enter the total of the amounts from Form 1040, lines 7, 8a, 9a, 10 through 14,
   15b, 16b, 17 through 19, and 21                                                      3 $0.00
 4 Enter the amount, if any, from Form 1040, line 8b                                    4 $0.00
 5 Add lines 2, 3, and 4                                                                5 $0.00
 6 Enter the total of the amounts from Form 1040, lines 23 through 32, and any
   write-in adjustments you entered on the dotted line next to line 36                  6 $0.00
 7 Is the amount on line 6 less than the amount on line 5?
   ❑ No. STOP None of your social security benefits are taxable. Enter -0- on
   Form 1040, line 20b.
   ❑ Yes. Subtract line 6 from line 5
                                                                                        7 $0.00
 8 If you are:
   Married filing jointly, enter $32,000
   Single, head of household, qualifying widow(er), or married filing separately and
   you lived apart from your spouse for all of 2010, enter $25,000
   Married filing separately and you lived with your spouse at any time in 2010, skip
   lines 8 through 15; multiply line 7 by 85% (.85) and enter the result on line 16.
   Then go to line 17                                                                   8 $0.00
 9 Is the amount on line 8 less than the amount on line 7?
   ❑ No. STOP None of your social security benefits are taxable. Enter -0- on
   Form 1040, line 20b. If you are married filing separately and you lived apart from
   your spouse for all of 2010, be sure you entered "D" to the right of the word
   "benefits" on line 20a
   ❑Yes. Subtract line 8 from line 7                                                    9 $0.00
10 Enter: $12,000 if married filing jointly; $9,000 if single, head of household,
   qualifying widow(er), or married filing separately and you lived apart from your
   spouse for all of 2010                                                               # $0.00
11 Subtract line 10 from line 9. If zero or less, enter -0-                             # $0.00
12 Enter the smaller of line 9 or line 10                                               # $0.00
13 Enter one-half of line 12                                                            # $0.00
14 Enter the smaller of line 2 or line 13                                               # $0.00
15 Multiply line 11 by 85% (.85). If line 11 is zero, enter -0-                         # $0.00
16 Add lines 14 and 15                                                                  # $0.00
17 Multiply line 1 by 85% (.85)                                                         # $0.00
18 Taxable social security benefits. Enter the smaller of line 16 or line 17. Also
   enter this amount on Form 1040, line 20b                                             # $0.00

				
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posted:8/22/2011
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Description: Stop Fed. Income Tax document sample