PC World Komputer 1998 November/pcwk_11_98a.iso/Wtestowe/Money99/money99.1/dira/logic.js

Text File | 1998-07-25 | 5KB | 176 lines

var sto = parent.data

var myJob = sto.empPlan1
var myagi = sto.agi1
var spouseJob = sto.empPlan2
var spouseagi = sto.agi2
var filingStatus = sto.status96
var deduction = 0
var spouseDeduction = 0
var payment = 0
var totalamount = 0
var term = sto.yrs
var irate = sto.rate

if ( myJob == 0 )
{
    if ( filingStatus == 'S' )
    {
        deduction = Math.min( myagi, 2000 )
        deduction = Math.max( 0, deduction )
    }
    else if ( filingStatus == 'J' )
    {
        if ( spouseJob == 0 )
        {
            deduction = 4000
        }
        else
        {
            deduction = 4000 - ((myagi - 40000) / 2.5)
            deduction = Math.min( myagi, deduction )
            deduction = Math.max( 0, deduction )
            deduction = Math.min( 4000, deduction )
        }
    }
    else if ( filingStatus == 'X' )
    {
        deduction = Math.min( myagi, 2000 )
        deduction = Math.max( 0, deduction )
        deduction = Math.min( deduction, 2000 )
        if ( spouseJob == 0 )
        {
            spouseDeduction = Math.min( 2000, spouseagi )
        }
        else
        {
            spousededuction = 2000 - (spouseagi / 5)
            spouseDeduction = Math.min( spouseDeduction, spouseagi )
        }
        spouseDeduction = Math.max( 0, spouseDeduction )
        spouseDeduction = Math.min( 2000, spouseDeduction )
    }
}
else
{
    if ( filingStatus == 'S' )
    {
        deduction = 2000 - ((myagi - 25000) / 5)
        deduction = Math.min( deduction, myagi )
        deduction = Math.max( deduction, 0 )
        deduction = Math.min( deduction, 2000 )
    }
    else if ( filingStatus == 'J' )
    {
        deduction = 4000 - ((myagi - 40000) / 2.5)
        deduction = Math.min( deduction, myagi )
        deduction = Math.max( deduction, 0 )
        deduction = Math.min( deduction, 4000 )
    }
    else if ( filingStatus == 'X' )
    {
        if ( spouseJob == 0 )
        {
            spouseDeduction = Math.min( 2000, spouseagi )
            spouseDeduction = Math.max( 0, spouseDeduction )
        }
        else
        {
            spousededuction = 2000 - (spouseagi / 5)
            spouseDeduction = Math.min( spouseDeduction, spouseagi )
            spouseDeduction = Math.max( 0, spouseDeduction )
            spouseDeduction = Math.min( 2000, spouseDeduction )
        }
    }
}

  // CALCULATE TOTAL SAVINGS
payment = deduction
if ( filingStatus == 'X' )
{
    payment = payment + spouseDeduction
}
if ( payment > 0 )
{
    rate = 1 + ( irate / 100 )
    for ( var i = 0; i < term; i++ )
    {
        totalamount += payment
        totalamount *= rate
    }
}

  // PREPARE FINAL TEXT
var adviceStr = 'Given your AGI, tax filing and employment status, '
var contributionBy = 'None'
if ( filingStatus == 'S' )
{
    if ( deduction > 0 )
    {
        contributionBy = "You"
        adviceStr += "<b>you can contribute up to " + numToDollars( deduction ) + "</b> into a tax-deductible IRA."
    }
    else
    {
        adviceStr += "<b>you cannot take a deduction</b> for contributions to an IRA."
    }
}
else if ( filingStatus == 'J' )
{
    if ( deduction > 0 )
    {
        contributionBy = "You and Your Spouse"
        adviceStr += "<b>you and your spouse can contribute up to " + numToDollars( deduction ) + "</b> into a tax-deductible IRA."
    }
    else
    {
        adviceStr += "<b>you and your spouse cannot take a deduction</b> for contributions to an IRA."
    }
}
else if ( filingStatus == 'X' )
{
    if ( deduction > 0 )
    {
        if ( spouseDeduction > 0 )
        {
            contributionBy = "You and Your Spouse"
            adviceStr += "<b>you can contribute up to " + numToDollars( deduction ) + "</b> into a tax-deductible IRA. "
            adviceStr += "Likewise, <b>your spouse can contribute up to " + numToDollars( spouseDeduction ) + "</b>."
        }
        else
        {
            contributionBy = "You"
            adviceStr += "<b>you can contribute up to " + numToDollars( deduction ) + "</b> into a tax-deductible IRA."
            adviceStr += "  However, <b>your spouse cannot take a deduction</b> for contributions into an IRA."
        }
    }
    else
    {
        if ( spouseDeduction > 0 )
        {
            contributionBy = "Spouse"
            adviceStr += "<b>you cannot take a deduction</b> for contributions into a tax-deductible IRA,"
            adviceStr += " but <b>your spouse can contribute up to " + numToDollars( spouseDeduction ) + "</b>."
        }
        else
        {
            adviceStr += "<b>neither you nor your spouse can take a deduction</b> for contributions into a tax-deductible IRA."
        }
    }
}

var paymentstr = ''
if ( payment > 0 )
{
    paymentstr = "<br><br>Based on your eligibility, the rate of return and the number of years you plan to contribute, "
    if ( sto.status96 == 'S' )
    {
        paymentstr += "you will have " + numToDollars( totalamount ) + " in your IRA at the end of this period."
    }
    else
    {
        paymentstr += "you and your spouse will have " + numToDollars( totalamount ) + " in your IRA at the end of this period."
    }
    paymentstr += "  This assumes you will not withdraw any of your IRA funds before age 59 1/2.  If you withdraw before then, you will be subject to a 10 percent penalty, plus any monies withdrawn will be subject to taxes as regular income.  The number cited is before any taxes are assessed."
}