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Using the quick tax calculator

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.

To use the quick tax calculator

  1. Select Quick Tax Calculator from the drop-down menu on the Tax button in the toolbar. The Quick Tax Calculator opens.

  2. Select the Entity Type.

  3. Select the Tax Year.

  4. Enter the:

    • Taxable Income and press Tab to calculate the Tax Thereon


    OR
    • Tax Thereon and press Tab to calculate the Taxable Income.

  5. Click Close to close the calculator.

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