Post by brian on May 4, 2004 13:47:53 GMT -5
I am horrible at algebra and I need help forming an equation. I need to calculate a salary bonus for 2 individuals (different bonus structure of course) that is based on net income after the bonus and after taxes. I have come up with the bonus calculation igoring the
tax effect, as follows: b=n-.15b-(.075(b-750,000)-30000), where b equals net income after bonus and n equals net income before bonus. Therefore b-n equals the bonus amount.
How do I input a tax computation (@39%) in this equation that takes into account the deductibility of the bonus?
Thank you very much for sparing some brain cells,
Brian
tax effect, as follows: b=n-.15b-(.075(b-750,000)-30000), where b equals net income after bonus and n equals net income before bonus. Therefore b-n equals the bonus amount.
How do I input a tax computation (@39%) in this equation that takes into account the deductibility of the bonus?
Thank you very much for sparing some brain cells,
Brian
