take_home 1.0.2 → 1.0.3

checksums.yaml

@@ -1,7 +1,7 @@
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data/lib/fy2020.rb

@@ -1,12 +1,24 @@
 module TaxConstants
   module FY2020
-    SOCIAL_SECURITY_WAGE_BASE = 137_700
-    SOCIAL_SECURITY_TAX_RATE = 0.062
-    MEDICARE_TAX_RATE = 0.0145
-
+    NO_DEDUCTION = 0
     FEDERAL_SINGLE_STD_DEDUCTION = 12_200
     FEDERAL_MARRIED_STD_DEDUCTION = 24_400
 
+    SOCIAL_SECURITY_TAX_RATES = {
+      137_700 => 0.062,
+      Float::INFINITY => 0.0,
+    }
+
+    MEDICARE_SINGLE_TAX_RATES = {
+      200_000 => 0.0145,
+      Float::INFINITY => 0.0235,
+    }
+
+    MEDICARE_MARRIED_TAX_RATES = {
+      250_000 => 0.0145,
+      Float::INFINITY => 0.0235,
+    }
+
     FEDERAL_SINGLE_INCOME_TAX_RATES = {
          9700 => 0.10,
        39_475 => 0.12,
@@ -54,6 +66,14 @@ module TaxConstants
           deduction: FEDERAL_SINGLE_STD_DEDUCTION,
           rates: FEDERAL_SINGLE_INCOME_TAX_RATES,
         },
+        social_security: {
+          deduction: NO_DEDUCTION,
+          rates: SOCIAL_SECURITY_TAX_RATES,
+        },
+        medicare: {
+          deduction: NO_DEDUCTION,
+          rates: MEDICARE_SINGLE_TAX_RATES,
+        },
         georgia: {
           deduction: GEORGIA_SINGLE_STD_DEDUCTION,
           rates: GEORGIA_SINGLE_INCOME_TAX_RATES,
@@ -64,6 +84,14 @@ module TaxConstants
           deduction: FEDERAL_MARRIED_STD_DEDUCTION,
           rates: FEDERAL_MARRIED_INCOME_TAX_RATES,
         },
+        social_security: {
+          deduction: NO_DEDUCTION,
+          rates: SOCIAL_SECURITY_TAX_RATES,
+        },
+        medicare: {
+          deduction: NO_DEDUCTION,
+          rates: MEDICARE_MARRIED_TAX_RATES,
+        },
         georgia: {
           deduction: GEORGIA_MARRIED_STD_DEDUCTION,
           rates: GEORGIA_MARRIED_INCOME_TAX_RATES,

data/lib/take_home.rb

@@ -18,11 +18,11 @@ class TaxablePerson
   end
 
   def federal_income_taxes
-    marginal_taxes(income, federal_deductions, federal_tax_rates)
+    marginal_taxes(income, federal_deduction, federal_tax_rates)
   end
 
   def state_income_taxes
-    marginal_taxes(income, state_deductions, state_tax_rates)
+    marginal_taxes(income, state_deduction, state_tax_rates)
   end
 
   def payroll_taxes
@@ -30,15 +30,11 @@ class TaxablePerson
   end
 
   def social_security_taxes
-    if income < social_security_wage_base
-      taxes = income * social_security_tax_rate
-    else
-      taxes = social_security_wage_base * social_security_tax_rate
-    end
+    marginal_taxes(income, social_security_deduction, social_security_tax_rates)
   end
 
   def medicare_taxes
-    taxes = medicare_tax_rate * income
+    marginal_taxes(income, medicare_deduction, medicare_tax_rates)
   end
 
   def effective_tax_rate
@@ -56,20 +52,24 @@ class TaxablePerson
   attr_accessor :income
   attr_accessor :state_tax_rates
   attr_accessor :federal_tax_rates
-  attr_accessor :medicare_tax_rate
-  attr_accessor :social_security_tax_rate
-  attr_accessor :social_security_wage_base
-  attr_accessor :federal_deductions
-  attr_accessor :state_deductions
+  attr_accessor :medicare_tax_rates
+  attr_accessor :social_security_tax_rates
+  attr_accessor :federal_deduction
+  attr_accessor :state_deduction
+  attr_accessor :social_security_deduction
+  attr_accessor :medicare_deduction
 
   def configure(opts)
-    self.state_deductions = opts[:state_deductions] || TaxConstants::FY2020::LOOKUP[tax_type][state][:deduction]
-    self.state_tax_rates = opts[:state_tax_rates] || TaxConstants::FY2020::LOOKUP[tax_type][state][:rates]
-    self.federal_deductions = opts[:federal_deductions] || TaxConstants::FY2020::LOOKUP[tax_type][:federal][:deduction]
-    self.federal_tax_rates = opts[:federal_tax_rates] || TaxConstants::FY2020::LOOKUP[tax_type][:federal][:rates]
-    self.social_security_tax_rate = opts[:social_security_tax_rate] || TaxConstants::FY2020::SOCIAL_SECURITY_TAX_RATE
-    self.social_security_wage_base = opts[:social_security_wage_base] || TaxConstants::FY2020::SOCIAL_SECURITY_WAGE_BASE
-    self.medicare_tax_rate = opts[:medicare_tax_rate] || TaxConstants::FY2020::MEDICARE_TAX_RATE
+    constants = TaxConstants::FY2020::LOOKUP[tax_type]
+    self.state_tax_rates = opts[:state_tax_rates] || constants[state][:rates]
+    self.federal_tax_rates = opts[:federal_tax_rates] || constants[:federal][:rates]
+    self.social_security_tax_rates = opts[:social_security_tax_rate] || constants[:social_security][:rates]
+    self.medicare_tax_rates = opts[:medicare_tax_rate] || constants[:medicare][:rates]
+
+    self.federal_deduction = opts[:federal_deduction] || constants[:federal][:deduction]
+    self.state_deduction = opts[:state_deduction] || constants[state][:deduction]
+    self.social_security_deduction = opts[:social_security_deduction] || constants[:social_security][:deduction]
+    self.medicare_deduction = opts[:medicare_deduction] || constants[:medicare][:deduction]
     nil
   end
 
@@ -80,9 +80,9 @@ class TaxablePerson
     configure(opts)
   end
 
-  def marginal_taxes(income, deductions, rates)
+  def marginal_taxes(income, deduction, rates)
     #Calculate AGI
-    income = income - deductions
+    income = income - deduction
     #Calculate Income Taxes
     taxes = 0
     last_cap = 0

metadata

@@ -1,7 +1,7 @@
 --- !ruby/object:Gem::Specification
 name: take_home
 version: !ruby/object:Gem::Version
-  version: 1.0.2
+  version: 1.0.3
 platform: ruby
 authors:
 - Patrick Wiseman