“The effective tax rate is useful in planning and estimating the amount of taxes you need to withhold from your paycheck or pay through estimated taxes,” says Tracie L. Miller, a CPA and program chair at Franklin University in Columbus, Ohio. “It’s a quick, easy way to get a genera...
You can download my Excel-based Debt-to-Income Ratio calculator below to figure out what you can afford:Debt-to-Income Ratio Calculator. Or check out similar loan calculators on the web if you need help with your DTI calculation. I also have a web-basedmortgage affordability calculatorthat ma...