print out the Results and stick them in the client's file. The PRINT function automatically prints the date on the printout.
What's New in Version 2.02.x ?
Version 2.02.x has a new feature called Goal Seek, which reverses the
normal process of using the Alimony Calculator. Normally, you enter a proposed amount of alimony, and the Alimony Calculator tells you what each party's disposable income will be at
that level of alimony.
Goal Seek allows you to tell the program what you want the disposable income to
be, and the Alimony Calculator will tell you how much alimony it will take to reach that goal. For example, if the Wife's budget shows that she needs $4,325 each month, Goal Seek will automatically calculate the alimony you need to reach that disposable monthly income for the Wife. Of course, you can do the same for the Husband, but, obviously you cannot set both the Husband's and Wife's budgets as a goal at the same time; you must shoot for one or
If you enter a target amount of disposable income that is not possible to reach, you will get an error message to that effect. This will happen, for example, if you set a goal that cannot be reached even if the payor paid all of the payor's income to the payee as alimony. If you get this error message, the Alimony Calculator will show you how close it could get.
Goal Seek is also tell you how much alimony it will take to equalize the
disposable incomes of each party. If you want the Husband and Wife to have the same amount of monthly disposable income, Goal Seek will tell you how much alimony that will
To use Goal Seek, click on the green Seek button that shows up at the bottom of the Front Page screen. It will first appear only after you have run a calculation, and it will be next to the green Range button. (I had to change the Alimony Range button to just "Range," in order to squeeze the Seek button in).
Or, you can go to the Action menu on the Front Page or you can simply use CTRL-G.
Value of an Exemption:
The other important enhancement to Version 2.02.x is the
Value of an Exemption function.
This function tells you how much tax savings each party gets from a child's exemption. With this information, you can see which parent gets the most economic tax benefit from the exemption.
The savings are realized in two ways: first, there are obvious tax savings that result when the exemption amount reduces a party's taxable income; second, the parent who gets the tax exemption will also get that child's tax credit, which will be $600 for 2002 and eventually increases to $1,000.