I am trying to create a formula in Writer and if possible also CRM to work out after tax income for clients. The Tax rates are :
Tax Rate | Taxable income bracket |
10.5% | 0 - $15,600 |
17.5% | $15,601 - $53,500 |
30% | $53,501 - $78,100 |
33% | $78,101 - $180,000 |
39% | $180,001 and over |
Sadly the formulas are beyond my understanding !