public CalculationResult CalculateSalary(decimal salary, decimal bonus = 0)
{
if (salary < 1)
{
throw new Exception("Salary too low to calculate.");
}
var hoursAvailable = 40 * _weeksPerYear;
var hoursOff = 8 * DaysOffPerYear;
var hoursWorked = hoursAvailable - hoursOff;
var hoursPaid = hoursAvailable;
var taxableAmount = salary + bonus;
var federalTax = TaxProfile.FixedBaseAmount + TaxProfile.TaxBracketRate * (taxableAmount - TaxProfile.TaxBracketThreshold);
var employerTax = (TaxProfile.MedicareRate + TaxProfile.SocialSecurityRate) * taxableAmount;
var employeeTax = federalTax + employerTax;
var employerRetirement = Math.Min(BenefitsProfile.RetirementContributionRate, BenefitsProfile.RetirementMatchingContributionRate) * salary;
var employeeRetirement = BenefitsProfile.RetirementContributionRate * salary;
var result = new CalculationResult
{
ActualHoursWorked = hoursWorked,
CashCompensation = taxableAmount,
TaxesPaidByEmployer = employerTax,
TaxesPaidByEmployee = employeeTax,
RetirementContributionByEmployer = employerRetirement,
RetirementContributionByEmployee = employeeRetirement,
HealthAndDentalPaidByEmployer = BenefitsProfile.EmployerHealthAndDentalCostsPaid
};
result.EquivalentContractRate = ContractRateRequired(result.TotalCompensation, result.ActualHoursWorked);
result.EquivalentWageRate = WageRequired(result.TotalCompensation);
return(result);
}
public CalculationResult CalculateContractRate(decimal ratePerHour)
{
if (ratePerHour < 1)
{
throw new Exception("Rate too low to calculate.");
}
var hoursAvailable = 40 * _weeksPerYear;
var hoursOff = 8 * DaysOffPerYear;
var hoursWorked = hoursAvailable - hoursOff;
var hoursPaid = hoursWorked;
var totalMoneyPaid = hoursPaid * ratePerHour;
var taxableAmount = totalMoneyPaid;
var federalTax = TaxProfile.FixedBaseAmount + TaxProfile.TaxBracketRate * (taxableAmount - TaxProfile.TaxBracketThreshold);
var employerTax = 0;
var employeeTax = federalTax + 2 * (TaxProfile.MedicareRate + TaxProfile.SocialSecurityRate) * taxableAmount;
var employerRetirement = 0;
var employeeRetirement = BenefitsProfile.RetirementContributionRate * totalMoneyPaid;
var result = new CalculationResult
{
ActualHoursWorked = 40 * _weeksPerYear - 8 * DaysOffPerYear,
CashCompensation = taxableAmount,
TaxesPaidByEmployer = employerTax,
TaxesPaidByEmployee = employeeTax,
RetirementContributionByEmployer = employerRetirement,
RetirementContributionByEmployee = employeeRetirement,
HealthAndDentalPaidByEmployer = 0
};
result.EquivalentSalary = SalaryRequired(result.TotalCompensation, 0);
result.EquivalentWageRate = WageRequired(result.TotalCompensation);
return(result);
}
