Step 3: Adding Income Sources
By December 31, 2010 at 12:00 PMon
For this step, add each source of income. First, give the income source a meaningful title. Enter the income amount, and if desired assign the income to one of the individuals added in step 1. Finally, select the frequency that the income amount will be received. Please note that the amount displayed on the income page after creating an income will be scaled to the frequency which is selectable at the top of the page.
Directly below the newly added income source line there is a link to add income tax. To add taxes to this income source, give the tax a title (such as state, federal, Medicare), and enter the amount and frequency. This is not the correct place to account for pre-tax expenses such as 401k, those can be added on the expense page.