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The quick tax calculator allows you to quickly calculate an entity’s tax for a given year. If you enter the taxable income, the tax thereon will be calculated. If you enter the tax thereon, the taxable income will be calculated.

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titleTo use the quick tax calculator
  1. From the Tax drop-down list on the toolbar, select Quick Tax Calculator. The Quick Tax Calculator appears.

  2. Select the Entity Type.

  3. Select the Tax Year.

  4. Either:

    • to calculate the tax thereon, enter the Taxable Income and press Tab

    • to calculate the taxable income, enter the Tax Thereon and press Tab.

  5. Click Close.

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titleRelated topics
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