Stock Option Proceeds Calculator FAQ <<Back Here is a brief explanation of some of the questions you may have about the Stock Option Proceeds calculator. How does this application work? How do I look up the current price of my stock and it's symbol? How do I find out out how many shares and option grants that I have for sale and when they were issued? How can I find out how much to deduct for Federal Taxes, FICA, and Medicare? How can I find out how much to deduct for State Taxes? Do I have to pay commissions on the sale of my stock options? What are "Other Deductions"? Where can I get the scripts for this program? How does this application work? The number of shares times the selling price equals the total selling price. The number of options times the cost of those options for each grant equals the cost of each grant. The cost of each grant added together equals the total grant cost. The total selling price minus the total grant cost equals the total gain. The Federal Tax percentage times the total gain divided by 100 plus Federal Tax amount equals the total Federal Tax. The State Tax percentage times the total gain divided by 100 plus State Tax amount equals the total State Tax. The FICA (or Social Security) percentage times the total gain divided by 100 plus FICA amount equals the total FICA amount. The Medicare percentage times the total gain divided by 100 plus Medicare amount equals the total Medicare amount. The Commission percentage times the total gain divided by 100 plus Commission amount equals the total Commission amount. The Other Deductions equal the total Other deductions amount. Any field not filled in is assumed to be a zero. The total gain minus the total Federal Tax, the total State Tax, the total FICA amount, the total Medicare amount, the total Commission amount  and the total Other Deductions amount equals the total Net Proceeds. How do I look up the current price of my stock and it's symbol? Many online search engines such as Northern Light and Yahoo allow you to look up stock prices and/or symbols. Most online brokerages such as A.G Edwards and Ameritrade allow you to look up this information only if you open an account with them. How do I find out out how many shares and option grants that I have for sale and when they were issued? This information is generally available throgh your company HR department, their authorized broker or your supervisor. How can I find out how much to deduct for Federal Taxes, FICA, and Medicare? This information is available from a previous paycheck stub, a previous option sale document, your company HR department or the IRS website. How can I find out how much to deduct for State Taxes? Again, from a previous paycheck stub, a previous option sale document, your company HR department or your official state web site. Do I have to pay commissions on the sale of my stock options? It depends. It's best to check with your company's authorized broker to be sure. What are "Other Deductions"? Other deductions can be things like city taxes, child support, garnishments or anything else that is taken out of your option sale that is not covered by this application. Where can I get the scripts for this program? http://www.mikecalabrese.com/users/mikec/applications/mcapps.html