Running DOS Programs Under Windows 8

Yeah from my understanding you can not run 16 Bit programs on a 64 Bit of Windows 8.
But On a Windows 8 32Bit, You should be able to run some 16Bit programs.
But I'm not entirely sure, I know if I want to run some DOS Programs or Games,
I would just use DOSBox http://www.dosbox.com/ a Dos Emulator. It works pretty good.

Dosbox also works on Windows 8 64-bit

i can confirm, dosbox works well on win8 64-bit, i use it currently to play Warcraft II

My computer has Windows 8 64-bit pre-installed. I purchased the Window 8 Pro box that comes with both 32-bit and 64-bit versions. When I put the 32-bit disc in the DVD drive a notification came up telling me to insert the 64-bit version to continue. I was not given any other information or any other option. Any thoughts on how I should proceed in order to getthe 32 bit version installed? Thanks.

Windows 8 Pro Pack is a special upgrade package to move up a step from Windows 8 to Windows 8 Pro. Since it is only upgrading you may not be able to perform a clean install (which is the only way to move between 32 bit and 64 bit). I would recommend you use the 64 bit disk and get dosbox to run the older 16bit apps. In fact you would need something like Dosbox to run 16bit apps in 32bit Windows 8.

Microsoft dropped 16bit support with Windows XP. Windows 3.11 and MSDOS 6.22 were the last 16bit Operating Systems from Microsoft.

Also, with Windows 8 Pro you can configure Hyper-V and install Windows 3.11 or Dos 6.22 if needed. Then you could run the 16bit apps in their native environment. (The trick of course would be to find Windows 3.11, you can get it with a TechNet subscription)

Would someone be able to help me with this solution? I have an old dos settlement calculator and need to run it on my new Windows 8 computer. What are the steps I need to take to get the thing open and running???

I have not messed with the Dosbox configuration directly (my experiance is with older games purchased from GOG). However DosBox is a DOS emulator. You should be able to run almost any DOS program in it. Again, Doxbox works with Windows 8 x64 (64bit) so there whould be no need to rebuild as Windows 8 x86 (32bit).