When Tax is ON, tax, calculated at the current rate, is deducted from the following quantities before they are added to the balances of the two accounts:

• Salary
• Annual interest earned by balance of Primary Account
• Annual interest or capital gain earned by Secondary Account

At present only a single rate of tax is applied against all the taxable quantities. This serves the overall purpose of the program which is to provide a sense of the larger picture, where details of specific tax rates are not generally useful. However, it is envisaged that a future version of Graphic Accounts may allow separate rates to be applied to Salary and to the Primary and Secondary Accounts to accommodate those situations where, for instance, Income and Capital Gains Tax are grossly different.

Setting the tax rate

• Click Tax button DOWN - tax is included in all account calculations.
• Click Tax button UP - tax is excluded from all account calculations
• Type in a value for tax rate and confirm by pressing Enter key.
• Click spin control to raise or lower the tax rate value by 0.1 (or 0.01 if you click while holding down the shift key).