The well‐known equations for the total magnetic field due to thin sheets and the edges of a thick body (Werner, 1953) can be programmed to compute automatically the depth to the top, susceptibility contrast, and the dip of these features from a given total magnetic field profile. The synthetic anomalies show that in ideal cases the depths can be determined to the accuracy of 10 percent or better, provided the source of the anomaly can be identified as a bounding edge or the thin sheet. It has also been found that the anomalies due to edges approximately one depth unit apart in horizontal direction can be resolved. Vertically, the interpretation of shallow bodies is not affected by the presence of deeper bodies. However, the deeper bodies can be located only when they cause anomalies much stronger than those associated with shallow bodies, or when the shallow bodies are displaced from the deep edges horizontally by a distance equal to or greater than the depth to the top of deep edges. The shallow high‐frequency anomalies tend to mask the interpretation of deeper anomalies rather than cause erroneous estimates. Susceptibility contrasts can be estimated reasonably accurately only when the dips are about 40 degrees or greater. The dip estimates are accurate to within 10 percent.