Organizer Tax Organizer
Home Home   
About About  
FAQ FAQ     
Calendar Due Dates
Tools Tools   
Downloads Download
Books Books  
FAQ Contact
FAQ Links    
Survey Feedback
Tax
Clergy
Support
Investing
Insurance
Consulting

Church Budget Worksheet for Non-Clergy Employees

Use this worksheet to determine annual budget figures for a non-clergy employee. Fill out the applicable blanks, and press the "COMPUTE" button. Then print this page for your records. Press the "SAMPLE W-2" button for a sample Form W-2.

Disclaimer: The amounts calculated by this worksheet are not foolproof. Situations and circumstances vary. The advice of a qualified professional should be sought if necessary.

To: From:

Date: From // To //

1. Taxable salary:
     (Do not include employer's 1/2 of FICA tax)
     Extra gifts/bonuses given by employer:
2. Auto & business expense reimbursement:
     Not allowances; paid separately from salary.
3. Medical & other non-taxed benefits paid by employer:
4. Pension & tax sheltering:
5. Employer's 1/2 of FICA:
     (7.65% of line 1)
Total Compensation Package:
Income Reportable on W-2:
     Amounts in lines 2 through 5 are NOT income according to the tax code and should never be reported on W-2's.
FICA Withholding (Employer will match):
Federal Income Tax (for most taxpayers):
State Income Tax:
     (5% by default, check your state's local rates):
City Income Tax:
     (2% by default, check your city's local rates):
     Total Withholding:
Estimated Take-Home Pay
Top

© 2010 R. Shul | Updated 09/02/10 | Terms | Ph. 800.456.1803 | Fax 330.493.1807

Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP(R), CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete initial and ongoing certification requirements.