take_home 1.0.2 → 1.1.1

checksums.yaml

@@ -1,7 +1,7 @@
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data/lib/fy2022.rb

@@ -0,0 +1,102 @@
+module TaxConstants
+  module FY2022
+    NO_DEDUCTION = 0
+    FEDERAL_SINGLE_STD_DEDUCTION = 12_950
+    FEDERAL_MARRIED_STD_DEDUCTION = 25_900
+
+    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 = {
+       10_275 => 0.10,
+       41_775 => 0.12,
+       89_075 => 0.22,
+      170_050 => 0.24,
+      215_950 => 0.32,
+      539_900 => 0.35,
+      Float::INFINITY => 0.37
+    }
+
+    FEDERAL_MARRIED_INCOME_TAX_RATES = {
+       20_550 => 0.10,
+       83_550 => 0.12,
+      178_150 => 0.22,
+      340_100 => 0.24,
+      431_900 => 0.32,
+      647_850 => 0.35,
+      Float::INFINITY => 0.37
+    }
+
+    GEORGIA_SINGLE_STD_DEDUCTION = 5400
+    GEORGIA_MARRIED_STD_DEDUCTION = 7100
+
+    GEORGIA_SINGLE_INCOME_TAX_RATES = {
+       750 => 0.01,
+      2250 => 0.02,
+      3750 => 0.03,
+      5250 => 0.04,
+      7000 => 0.05,
+      Float::INFINITY => 0.0575
+    }
+
+    GEORGIA_MARRIED_INCOME_TAX_RATES = {
+        1000 => 0.01,
+        3000 => 0.02,
+        5000 => 0.03,
+        7000 => 0.04,
+      10_000 => 0.05,
+      Float::INFINITY => 0.0575
+    }
+
+    LOOKUP = {
+      single: {
+        federal: {
+          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,
+        },
+      },
+      married: {
+        federal: {
+          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,
+        },
+      }
+    }
+  end
+end

data/lib/take_home.rb

@@ -1,4 +1,4 @@
-require_relative 'fy2020.rb'
+require_relative 'fy2022.rb'
 
 class TaxablePerson
   attr_reader :income
@@ -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

@@ -1,14 +1,14 @@
 --- !ruby/object:Gem::Specification
 name: take_home
 version: !ruby/object:Gem::Version
-  version: 1.0.2
+  version: 1.1.1
 platform: ruby
 authors:
 - Patrick Wiseman
-autorequire: 
+autorequire:
 bindir: bin
 cert_chain: []
-date: 2020-05-25 00:00:00.000000000 Z
+date: 2022-12-09 00:00:00.000000000 Z
 dependencies: []
 description: Help folks figure out their take home pay and taxes.
 email: patrick.wiseman@deft.services
@@ -16,13 +16,13 @@ executables: []
 extensions: []
 extra_rdoc_files: []
 files:
-- lib/fy2020.rb
+- lib/fy2022.rb
 - lib/take_home.rb
 homepage: https://github.com/thephw/take_home
 licenses:
 - MIT
 metadata: {}
-post_install_message: 
+post_install_message:
 rdoc_options: []
 require_paths:
 - lib
@@ -37,8 +37,8 @@ required_rubygems_version: !ruby/object:Gem::Requirement
     - !ruby/object:Gem::Version
       version: '0'
 requirements: []
-rubygems_version: 3.0.3
-signing_key: 
+rubygems_version: 3.3.7
+signing_key:
 specification_version: 4
 summary: Calculate take home pay and taxes
 test_files: []

data/lib/fy2020.rb

@@ -1,74 +0,0 @@
-module TaxConstants
-  module FY2020
-    SOCIAL_SECURITY_WAGE_BASE = 137_700
-    SOCIAL_SECURITY_TAX_RATE = 0.062
-    MEDICARE_TAX_RATE = 0.0145
-
-    FEDERAL_SINGLE_STD_DEDUCTION = 12_200
-    FEDERAL_MARRIED_STD_DEDUCTION = 24_400
-
-    FEDERAL_SINGLE_INCOME_TAX_RATES = {
-         9700 => 0.10,
-       39_475 => 0.12,
-       84_200 => 0.22,
-      160_725 => 0.24,
-      204_100 => 0.32,
-      510_300 => 0.35,
-      Float::INFINITY => 0.37
-    }
-
-    FEDERAL_MARRIED_INCOME_TAX_RATES = {
-       19_400 => 0.10,
-       78_950 => 0.12,
-      168_400 => 0.22,
-      321_450 => 0.24,
-      408_200 => 0.32,
-      612_350 => 0.35,
-      Float::INFINITY => 0.37
-    }
-
-    GEORGIA_SINGLE_STD_DEDUCTION = 4600
-    GEORGIA_MARRIED_STD_DEDUCTION = 6000
-
-    GEORGIA_SINGLE_INCOME_TAX_RATES = {
-       750 => 0.01,
-      2250 => 0.02,
-      3750 => 0.03,
-      5250 => 0.04,
-      7000 => 0.05,
-      Float::INFINITY => 0.0575
-    }
-
-    GEORGIA_MARRIED_INCOME_TAX_RATES = {
-        1000 => 0.01,
-        3000 => 0.02,
-        5000 => 0.03,
-        7000 => 0.04,
-      10_000 => 0.05,
-      Float::INFINITY => 0.0575
-    }
-
-    LOOKUP = {
-      single: {
-        federal: {
-          deduction: FEDERAL_SINGLE_STD_DEDUCTION,
-          rates: FEDERAL_SINGLE_INCOME_TAX_RATES,
-        },
-        georgia: {
-          deduction: GEORGIA_SINGLE_STD_DEDUCTION,
-          rates: GEORGIA_SINGLE_INCOME_TAX_RATES,
-        },
-      },
-      married: {
-        federal: {
-          deduction: FEDERAL_MARRIED_STD_DEDUCTION,
-          rates: FEDERAL_MARRIED_INCOME_TAX_RATES,
-        },
-        georgia: {
-          deduction: GEORGIA_MARRIED_STD_DEDUCTION,
-          rates: GEORGIA_MARRIED_INCOME_TAX_RATES,
-        },
-      }
-    }
-  end
-end