Social Security Calculator Definition
The Social Security Calculator can automatically calculate your adjusted gross income, deductions, exemptions, and social security. In order to determine this information you must include six pieces of information: status, fiscal year, your wage, salary, or income in dollars, adjustments to income in dollars, deductions in a negative amount of dollars, and number of exemptions.
There is a sample already filled out, please rewrite this information for your situation. At the top of the Social Security Calculator, there is a drop box in which you can choose your status. You should choose the status you claim on your taxes: single, married filing jointly, married filing separately, or head of the household. To the right of this box is a drop box for the fiscal year which includes five choices from 2010 to 2014. Below this there is a box for your wage, salary, or income which you should write in dollars. Commonly this is the number on your W2 form for any given year. In the third box from the top, you should include any adjustments to your income in dollars. Below this, you need to include any deductions from this income which should be written in a negative amount of dollars. Please, erase the numbers, but leave the minus sign. The last portion to be filled out of the Social Security Calculator is your number of exemptions. Please include the amount you claim on your taxes.
Once you have filled this out, the section below labeled results will automatically be filled out. There are four boxes in the result section. The first one will show your adjusted income which includes your wage and adjustments to income. The second box will show your deductions in dollars. The third box will show your deductions in dollars. The box will show your social security in dollars. If you wish to adjust this amount, simply change the information above the result section and it will automatically change for the difference.