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Image 41
In 1980, there was $64.68 in interest paid by Freedom Federal and $620.81 from Pacific Bank treasury bill. Also, up until the end of the accounting period, ADP has paid $1009.19. Further Seidel paid $24,640 for this summer's work. Last, Lloyd's bank paid 89.87 as interest.
No estimated tax for 1980 has been paid yet.
The following page computes the net income then.
Image 43
---------------------------- || Income || Tax
'78
Bank of Am transfer || $104.04 || --
Federal tax reimb || 936.26 || --
Calif tax reimb || 449.01 || --
NM tax reimb || 241.03 || --
MicroSoft Salary || 38144.00 || 14823.81
Moving Reimb || 841.15 || --
Med. exp. coverage || 500.00 || --
Capital Gains || 2123.00 || 616.25
EDITX / ADP || 1280.12 || 742.47
RMC trust || 371.94 || 215.73
'79
MicroSoft Salary || 34636.80 || 11206.82
Moving || 893.42 || --
Theft & education || --- || (2792.24)
Freedom Federal || 68.25 || 29.92
treasury bill || 480.03 || 211.20
EDITX / ADP || 732.35 || 322.08
Capital loss || (1086.74) || (432.45)
Tax rounding adj || --- || (.44)
'80
Freedom Federal || 64.68 || --
treasury Bill || 620.81 || --
EDITX / ADP || 1009.19 || --
Seidel Camp || 24640.00 || --
Lloyd's || 89.87 || --
[total] 107139.21 || 24943.15
Net Income 82196.06
Image 45
Other taxable 1980 income which came after the end of the green box period, was EDITX / ADP
Nov's CBS → Sep Royalties paid in Oct 13.46
Dec's CBS → Oct Royalties paid in Nov 12.92
Jan's CBS → Wells Fargo Savings Interest 181.82
[notation] ⤴ these were the only [Income?] in each month. [/notation]
Taxes were based on the following
Consulting Fees ................................................................ 24,640
Reimbursed Expenses ............................................................117.25
Less Use of Car .................................................................... (400)
IBM Manuals ........................................................................(194.85) [arrow pointing to "Reimbursed Expenses"]
Office Supplies ..................................................................... (280.00)
20% of May - Dec Rent → Office in home ............................... (840.00)
Freedom Federal ..................................................................... 64.80
Treasury Bill .......................................................................... 620.81
EDITX / ADP ........................................................................ 1035.57
Lloyd's ................................................................................... 89.87
& other Lloyd's interest cashed ............................................... 14.60
Wells Fargo .......................................................................... 181.82
Less Moving Expenses ....................................................... (2010.43)
.......................................................................................... 23039.44
Federal Income .................................................................... 4870.41
Self Employment FICA ......................................................... 1866.43
Federal Penalties .................................................................. 264.60
Calif Taxes ......................................................................... 1432.00
These taxes have affect on the March '81 Checking Balance Statement
