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

Text File | 1998-07-25 | 6KB | 216 lines

var sto = parent

var married = sto.married
var spouseWork = sto.spwk
var agi97 = sto.agi97
var agi98 = sto.agi98
var bracket97 = sto.bracket97
var bracket98 = sto.bracket98

var children = sto.kids
var collInt = sto.clint
var collYearsPaid = sto.clyrs
var numCollChild = sto.ckids
var collYears1 = sto.cyrs1
var collYears2 = sto.cyrs2
var collYears3 = sto.cyrs3

var soldHome = sto.hsell97
var beforeMay = sto.hsellmay7
var futureBracket = sto.higher
var purPrice = sto.hbasep
var markPrice = sto.hmktp

var ownHome = sto.hsell
var homeOwned = sto.own2
var ownIRA = sto.ira
var useIRA = sto.irahe
var IRAtiming = sto.iarhe97

var profitTaken = sto.invsell
var profit1 = sto.profit1
var profit2 = sto.profit2

var insurance = sto.health

var total97 = 0
var total98 = 0

    // CHILD TAX CREDIT

var childtc97 = 0
var tempCutoff = ( married == 1 ) ? 109001 : 74001
//alert( 'tempCutoff = ' + tempCutoff )
var tempNum = Math.floor( ( agi98 - tempCutoff ) / 1000 )
tempNum = Math.min( 8, Math.max( 0, tempNum ) )
var childtc98 = (400 - (50 * tempNum))  * children
total98 += childtc98

    // COLLEGE TAX CREDIT

var collegetc97 = 0
var tempAdder = 0
tempNum = 0
collYearsTemp = 0
for ( var n = 0; n <= numCollChild; n++ )
{
    if ( n == 1 ) collYearsTemp = collYears1
    else if ( n == 2 ) collYearsTemp = collYears2
    else if ( n == 3 ) collYearsTemp = collYears3

    if ( collYearsTemp == 1 || collYearsTemp == 2 )
    {
        tempNum = tempNum + 1500
        tempAdder = tempAdder + 1.5
    }
    else if ( collYearsTemp == 3 || collYearsTemp == 4 )
    {
        tempNum = tempNum + 1000
        tempAdder = tempAdder + 1
    }
}

if ( tempNum > 0 )
{
    if ( married )
    {
        tempCutoff = 79001
        tempMult = 2
    }
    else
    {
        tempCutoff = 39001
        tempMult = 1
    }
    var tempNum2 = agi98 - tempCutoff
    tempNum2 = tempNum2 / (1000 * tempMult)

    tempNum2 = Math.min( 10, Math.max( 0, tempNum2 ) )

    collegetc98 = tempNum - (100 * tempAdder * tempNum2)
    total98 = total98 + (tempNum - (100 * tempAdder * tempNum2))
}
else
{
    collegetc98 = 0
}

    // STUDENT LOAN INTEREST DEDUCTION

var sloanded97 = 0
var sloanded98 = 0

if ( collYearsPaid < 5 )
{
    var    phaseStage

    if ((numCollChild * 2500) > collInt )
    {
        tempColl = collInt
    }
    else
    {
        tempColl = (numCollChild * 2500)
    }
    if((tempColl>0) && (married==1) && (agi98>60000)) {
        phaseStage = (agi98-60000)/1500 - ((agi98-60000)%1500)/1500
        tempColl -= phaseStage*100
    }
    else if((tempColl>0) && (married==0) && (agi98>40000)) {
        phaseStage = (agi98-40000)/1500 - ((agi98-40000)%1500)/1500
        tempColl -= phaseStage*100
    }
    if(tempColl < 0)
        tempColl = 0
    //sloanded98 = bracket98 * tempColl
    sloanded98 = tempColl
    total98 += sloanded98
}

    // HOME SALES

var priceDiff = markPrice - purPrice
var homePriceDiff = markPrice - purPrice
priceDiff = Math.max( 0, priceDiff)
tempValue = married ? 500000 : 250000

if ( tempValue > priceDiff )
{
    tempValue = priceDiff
    priceDiff = 0
}
else
{
    priceDiff -= tempValue
}
var homeprofbk97 = 0
var homeprofbk98 = 0
if ( ownHome && homeOwned && soldHome && !beforeMay)
{
    homeprofbk97 = (priceDiff * 0.08) + (tempValue * 0.28)
    total97 += homeprofbk97
}
else if (ownHome && homeOwned && !soldHome)
{
    homeprofbk98 = (priceDiff * 0.08) + (tempValue * 0.28)
    total98 += homeprofbk98
}

    // INVESTMENT PROFITS

var invprofbk98 = 0
var invprofbk97 = 0
if ( profitTaken )
{
    tempRate = ( bracket97 == 0.15 ) ? 0.18 : 0.08
    invprofbk97 = tempRate * (profit1 + profit2)
    total97 += invprofbk97
}

    // HEALTH INSURANCE

var hinsded97 = 0
var hinsded98 = insurance * 0.45
total98 += hinsded98

    // ANSWERTEXT

var yourSavings = numToDollars( total97 + total98 )
var adviceStr = "You will save an estimated " + yourSavings + " because of the changes in the tax law.<p>"

if ( soldHome && beforeMay )
{
    adviceStr += "Because you sold your home before the capital gains tax laws changed, you may want to consider rolling the profits from the sale into the purchase of a new one. Consult a tax adviser for potential options.<p>"
}
if ( soldHome && !beforeMay && homePriceDiff > 500000 )
{
    adviceStr += "If  you sold your home before August 5, 1997, you should consider rolling the profits from a sale into the purchase of a new one. Consult a tax adviser for potential options.<p>"
}
if ( ownHome && !beforeMay && !homeOwned && homePriceDiff > 0 )
{
    adviceStr += "You should consider keeping your home for at least two years so you will not have to pay taxes on the profit.<p>"
}
if ( futureBracket && agi98 < 100000 )
{
    adviceStr += "You may want to consider rolling your existing IRA into the new Roth IRA.<p>"
}
if ( useIRA && IRAtiming )
{
    adviceStr += "You could save tax money involving withdrawing funds from your IRA by delaying the purchase of your home until 1998.<"
}

var childtc97Str = numToDollars( childtc97 )
var childtc98Str = numToDollars( childtc98 )
var collegetc97Str = numToDollars( collegetc97 )
var collegetc98Str = numToDollars( collegetc98 )
var sloanded97Str = numToDollars( sloanded97 )
var sloanded98Str = numToDollars( sloanded98 )
var homeprofbk97Str = numToDollars( homeprofbk97 )
var homeprofbk98Str = numToDollars( homeprofbk98 )
var invprofbk97Str = numToDollars( invprofbk97 )
var invprofbk98Str = numToDollars( invprofbk98 )
var hinsded97Str = numToDollars( hinsded97 )
var hinsded98Str = numToDollars( hinsded98 )
var total97Str = numToDollars( total97 )
var total98Str = numToDollars( total98 )