RAAB Financials

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Inspiration

Majority of Americans spend their hard-earned money on nonessential things. Furthermore, Americans who should be financially stable are in financial trouble because of their irresponsible spending. We wanted to create a solution that recommends people to make smart financial decisions.

What it does

The code takes six inputs (gross income, filing status, household status, etc.) using a user interface and using those inputs, we calculate the net income (after federal and state income tax). Next, we researched the percentages of salary used for expenses such as food, utilities, entertainment, etc. and we output a table which advises the user with a recommended amount of their salary to spend on each type of expense.

How we built it

We used html to code the text and all input boxes. At first, it was not visually appealing so we used CSS to format the text, add images, and add a table. To work out all the math and do the functions, we used javascript which would work in conjunction with the html code.

Challenges we ran into

Since this was our first time coding with html and javascript, we ran into many user interface errors with detecting inputs on the web application. We were at a standstill for two hours but we overcame this challenge by debuging every line with an alert() function so that we would know what the computer was doing at every line of code. Then, we found that the error was with the process we were using to detect the user input and after we modified that code, it worked.

Accomplishments that we're proud of

We are proud of the fact we were able to create a functioning website from scratch because this is our first time making a web application and we had to learn three different languages to do so.

What we learned

We came into HackTJ not knowing how to code a webapp. We had no experience on html, javascript, or CSS. We were able to use this time to learn how to use these different coding languages to create fully functioning websites. For our project we needed to calculate a user income tax. While researching how to calculate this we came upon a bunch of conditions that changed the amount of taxes payed by each user. We were able to learn about all the different aspects on how taxes are payed for federal and state taxes. An example of something we learned about is the Child Tax Credit where we found out that for each child that you support that is 17 or under you get up to $2000 deducted from your taxes.

What's next for RAAB Financials

We want to add more user interface that allows users to select which state that they want to calculate tax for and we will be able to calculate their income accordingly.

Built With

• css
• html
• javascript