Apps > Paid Apps > Finance


This app is designed for both iPhone and iPad

Price: $0.99

Category: Finance

Updated: May 08, 2012

Version: 1.2012.5

Size: 0.5 MB

Language: English

Seller: Jason Michaelson

Rated 4+

Requirements: Compatible with iPhone, iPod touch, and iPad.Requires iOS 5.0 or later.


Customer Ratings

Current Version
     

(11 Ratings)



Withholding Calc by 3 Dogs and a Cat Software, LLC

Withholding Calc Screenshots



Description

Tax time is coming! Are you ready for it?

WithholdingCalc is an ad-free estimator for your pay check. Input your pay check gross pay, pre-tax deductions (insurance, 401k, etc.), filing status, state, and withholding allowances from your W-4 and get an estimate of how much of each of your pay checks is going to the government, and how much is going into your pocket. You can see how to optimize your monthly budget and make sure you've had enough taxes held back for tax time!

Want to get even more advanced? Switch over to the advanced view and you can enter extra withholding amounts for both Federal and State taxes, and separate filing status and withholding allowance amounts for your state to get an even more accurate picture of your tax withholding. WithholdingCalc lets you easily manipulate the numbers from your W-4 form to help you get an accurate picture of your budget and how much tax withholding you will have accumulated for tax season.

WithholdingCalc is based on current 2012 tax rates for federal and state tax rates for the 41 states that have income tax plus the District of Columbia and Puerto Rico.

WithholdingCalc uses an annualized method for computing taxes for most jurisdictions. This means that the total tax withholding that it computes may be slightly different from what your employer computes. Generally the two numbers will agree to within a few cents. If they don't, please use our contact form to let us know and we'll investigate it!

As the tax tables for 2012 are released, we'll be updating WithholdingCalc so you can get an early start on planning for the next tax year! As we do, we'll be pulling in more finer grained withholding tables so that the calculations are even more accurate for the various states.

With most of the updates for 2012 tax brackets now in place, we'll be adding in some of the features we've been working on, like the option to compute your pay check based on an hourly pay rate (with or without overtime pay), calculations for places where there are local taxes as well as state taxes, and more accurate options for states like Arizona which use flat percentage options for withholding instead of a withholding allowance amount.

WithholdingCalc is not endorsed by any taxing authority, including the Department of the Treasury or the Internal Revenue Service (They want you to give them too much money :) ).

What's New in Version 1.2012.5

Added an entry for retirement contributions in addition to the pre-tax items.

Corrected West Virginia calculations.

Customer Reviews

Great, Thanks (5 stars)
Thank you for this app, Every year between January and June my bookkeeper gets my accounting program file. I don't get the updated file back (new payroll figures) until they've finished reconciling everything. In the meantime I'm left trying to figure payroll taxes for this year based on last years figures. This app has allowed my to know my calculations are in the ballpark. Thank you. I also noticed you got complaints about the state tax fi

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