How Money calculates tax worksheet values in Money 98 and 99

Money assigns categories for transactions to one or more category groups. Money analyzes the transactions in certain category groups to project your income and deductible expenses for the year and to calculate the values for most of the fields in the Tax Worksheet.

Because the Tax Worksheet is a planning tool, it uses the transactions you already recorded in your account registers to project the estimated value for each category group at the end of the year. To do this, Money uses the following methods:

• If at least one future transaction in the Bill Calendar is assigned to a category in a specific category group, Money calculates the total value of all recorded and scheduled transactions in the category group, and then enters the sum in the appropriate field for that category group in the Tax Worksheet.
• If no future transactions in the Bill Calendar are assigned to a category in a specific category group, Money calculates the value of all recorded transactions in the category group, divides the total by the number of whole months in the year before the current date, multiplies this value by 12, and then enters the value in the appropriate field for that category group in the Tax Worksheet.

The following table lists the category groups Money uses for each field in the Tax Worksheet:

Tab	Field	Category Group(s)
Income	Wages & Salary	Salary Income
Income	Interest & Dividends	Interest & Dividends
Income	Short-Term Gain Or Loss	Short-Term Cap Gains
Income	Mid-Term Gain Or Loss	Mid-Term Cap Gains
Income	Long-Term Gain Or Loss	Long-Term Cap Gains
Income	State Or Local Tax Refund	State/Local Tax Refund
Income	Alimony	Alimony Received
Income	Unemployment	Unemployment Income
Income	Other Income	Other Income
Adjustments	Tax-Deferred Retirement Funds	Not calculated
Adjustments	Self-Employment Tax	Not calculated
Adjustments	Self-Employment Health Insurance	Not calculated
Adjustments	Alimony Paid	Alimony Payments
Adjustments	Unreimbursed Moving Expenses	Not calculated
Adjustments	Other Adjustments	Not calculated
Deductions	Medical & Dental	Medical/Dental Expenses
Deductions	Real Estate & Other Taxes	Real Estate Taxes
		State Tax Payments
		Other Tax Payments
Deductions	Deductible Investment Interest	Deductible Interest
Deductions	Mortgage Interest	Mortgage Interest
Deductions	Charity - Cash Contributions	Charitable Donations
Deductions	Charity - Non-Cash	Not calculated
Deductions	Casualty Theft Or Loss	Not calculated
Deductions	Miscellaneous Deductions	Non-Reimb. Job Exp.
Analysis	Estimated Taxes Withheld	Federal Taxes

To review the categories assigned to each category group, follow these steps:

1. On the Money navigation bar, click Categories.
2. Click View, and then click Categories, Subcategories, and Their Category Groups.
3. Note the category group for each category and subcategory.

To move a category or subcategory to a different category group, follow these steps:

1. In the category list, double-click the category or subcategory you want to move to a different category group.
2. In the Category Group box, click the category group you want to use.
3. On the Money navigation bar, click Back.
4. Repeat these steps for each category or subcategory you want to move to a different category group.