Income Budget Incorrect

Looking at past questions, my husband and I found the formula that MS Money
uses to come up with the Income budget (taking the pay over the whole year
and dividing it out). That number per month for us comes up to $5505.38.

However, when we click in Budget and it shows our monthly budget - it tells
us that our monthly budgeted wage income is $9209.00. How does it jump up
thousands of dollars??

Shadowz
Tue Sep 06 10:22:00 CDT 2005


"A&M" <A&M@discussions.microsoft.com> wrote in message
news:E6B46B2E-ED09-4E18-ACA1-0CCABB91D4B3@microsoft.com...
> Looking at past questions, my husband and I found the formula that MS
Money
> uses to come up with the Income budget (taking the pay over the whole year
> and dividing it out). That number per month for us comes up to $5505.38.
>
> However, when we click in Budget and it shows our monthly budget - it
tells
> us that our monthly budgeted wage income is $9209.00. How does it jump up
> thousands of dollars??

In Money 2006 Deluxe, If your using a paycheck to track all your deductions
and taxes. Then the budget is using the gross amount not the net amount.

Dick
Tue Sep 06 11:03:16 CDT 2005

An obvious answer, applicable to many versions of Money, that I hadn't
thought to provide. Of course, it will also be budgeting all of the
deductions and taxes as well.

"Shadowz" <Shadowz@NoSpam.com> wrote in message
news:11hrd8n2lde28bd@corp.supernews.com...
> In Money 2006 Deluxe, If your using a paycheck to track all your
deductions
> and taxes. Then the budget is using the gross amount not the net amount.