Tax adjustment for financial processing in a relational database management system
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United States of America Patent
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Mar 31, 2009
Grant Date -
N/A
app pub date -
Apr 30, 2001
filing date -
Jun 29, 2000
priority date (Note) -
Expired
status (Latency Note)
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Abstract
A financial processing system that accesses account, event and organization attributes from a relational database management database, wherein: (1) the account attributes comprise data about accounts being measured, (2) the event attributes comprise data about account-related transactions, and (3) the organization attributes comprise data about the organization's financial status. Profitability calculations are performed in the computer using the account, event and organization attributes accessed from the relational database management system, as well as one or more profit factors and one or more rules. The profitability calculations comprise the following:.is a state income tax rate.Finally, one or more total earnings calculations are performed in the computer using results from the earnings calculations. The total earnings calculations comprise the following:.
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