Info
Created On: September 2, 2023
Created By:
AI
Model: chatgpt-plugin
Time: 0 seconds
Prompt Tokens: 0
Completion Tokens: 0
Total Token Cost: 0
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Javascript, HTML, CSS Code
<!DOCTYPE html> <html> <head> <script type="text/javascript"> window.addEventListener('error', function(event) { var message = JSON.parse(JSON.stringify(event.message)); var source = event.filename; var lineno = event.lineno; var colno = event.colno; var error = event.error; window.parent.postMessage({ type: 'iframeError', details: { message: message, source: source, lineno: lineno, colno: colno, error: error ? error.stack : '' } }, '*'); }); window.addEventListener('unhandledrejection', function(event) { window.parent.postMessage({ type: 'iframePromiseRejection', details: { reason: event.reason } }, '*'); }); </script> <title>Solo 401k Contribution Calculator</title> <meta name="description" content="Calculate your Solo 401k contributions easily"> <meta name="keywords" content="Solo 401k, contribution, calculator"> <style> body { font-family: Arial, sans-serif; } .container { max-width: 800px; margin: auto; padding: 20px; text-align: center; } .result { margin-top: 20px; } .dayJobFields { display: none; } </style> <link rel="canonical" href="https://calculator.tools/prompt/5479/"> <meta charset="utf-8"> </head> <body> <div class="container"> <h1>Solo 401k Contribution Calculator</h1> <p>Year: <input type="number" id="year" placeholder="Year" value="2023"></p> <p>Business Profit: <input type="number" id="businessProfit" placeholder="Business Profit"></p> <p>Age: <input type="checkbox" id="age"> Are you 50-years-old or older?</p> <p>Day Job?: <input type="checkbox" id="dayJob" onclick="toggleDayJobFields()"> Do you also have W2 employment?</p> <div class="dayJobFields"> <p>Day Job Income: <input type="number" id="dayJobIncome" placeholder="Day Job Income"></p> <p>Day Job 401k: <input type="number" id="dayJob401k" placeholder="Day Job 401k"></p> <p>Day Job Catchup: <input type="number" id="dayJobCatchup" placeholder="Day Job Catchup"></p> </div> <button onclick="calculateContributions()">Calculate</button> <div class="result" id="result"></div> </div> <script> function toggleDayJobFields() { const dayJobFields = document.querySelector('.dayJobFields'); if (document.getElementById('dayJob').checked) { dayJobFields.style.display = 'block'; } else { dayJobFields.style.display = 'none'; } } function calculateContributions() { const year = parseInt(document.getElementById('year').value); const businessProfit = parseFloat(document.getElementById('businessProfit').value); const age = document.getElementById('age').checked; const dayJob = document.getElementById('dayJob').checked; const dayJobIncome = parseFloat(document.getElementById('dayJobIncome').value) || 0; const dayJob401k = parseFloat(document.getElementById('dayJob401k').value) || 0; const dayJobCatchup = parseFloat(document.getElementById('dayJobCatchup').value) || 0; const employeeContributionLimit = 22500; const combinedLimit = 66000; const catchupAmount = 7500; let netEarnings = businessProfit * 0.9235; let electiveDeferral = Math.min(netEarnings, employeeContributionLimit - dayJob401k); let profitSharing = Math.min(netEarnings * 0.25, combinedLimit - electiveDeferral); let catchupMax = age ? catchupAmount : 0; let afterTaxMax = combinedLimit - (electiveDeferral + profitSharing + catchupMax); document.getElementById('result').innerHTML = ` <p>Net earnings from self-employment: $${netEarnings.toFixed(2)}</p> <p>Elective deferral for Employee: $${electiveDeferral.toFixed(2)}</p> <p>Profit sharing from Employer: $${profitSharing.toFixed(2)}</p> <p>Catchup max: $${catchupMax.toFixed(2)}</p> <p>After-tax Non-Roth max: $${afterTaxMax.toFixed(2)}</p> `; } </script> <script type="text/javascript"> var localStoragePrefix = "ct-{{ cachebreaker }}"; var lastSave = 0; function saveLocal(data) { if (Date.now() - lastSave < 1000) { return; } let cookie = localStoragePrefix + "=" + JSON.stringify(data) + "; path=" + window.location.pathname + "'; SameSite=Strict"; cookie += "; expires=" + new Date(Date.now() + 1000 * 60 * 60 * 24 * 365 * 1000).toUTCString(); document.cookie = cookie; lastSave = Date.now(); } function loadLocal() { var cookiePrefix = localStoragePrefix + "="; var cookieStart = document.cookie.indexOf(cookiePrefix); if (cookieStart > -1) { let cookieEnd = document.cookie.indexOf(";", cookieStart); if (cookieEnd == -1) { cookieEnd = document.cookie.length; } var cookieData = document.cookie.substring(cookieStart + cookiePrefix.length, cookieEnd); return JSON.parse(cookieData); } } </script> <script type="text/javascript"> window.addEventListener('load', function() { var observer = new MutationObserver(function() { window.parent.postMessage({height: document.documentElement.scrollHeight || document.body.scrollHeight},"*"); }); observer.observe(document.body, {attributes: true, childList: true, subtree: true}); window.parent.postMessage({height: document.documentElement.scrollHeight || document.body.scrollHeight},"*"); }); </script> </body> </html>
Solo 401k Contribution Calculator
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