Form M-2210 - Underpayment Of Massachusetts Estimated Income Tax Page 2
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3FORM M-2210, PAGE 2
Name(s) as shown on page 1 of return
Social Security or Federal Identification number
Part 4. Annualized income installment method
Jan. 1–March 31
Jan. 1–May 31
Jan. 1–August 31
Jan. 1–December 31
3
11 Taxable 5.1% income each period (including
long-term capital gain income taxed at 5.1%). . . 1
12 Annualization amount . . . . . . . . . . . . . . . . . . . . 2
4
2.4
1.5
1
13 Multiply line 1 by line 2. . . . . . . . . . . . . . . . . . . . 3
14 Tax on amount in line 3. Multiply line 3 by .051 4
15 Taxable 12% income each period . . . . . . . . . . . 5
4
2.4
1.5
1
16 Annualization amount . . . . . . . . . . . . . . . . . . . . 6
17 Multiply line 5 by line 6. . . . . . . . . . . . . . . . . . . . 7
18 Tax on amount in line 7. Multiply line 7 by .12 . . 8
09 Total tax. Add lines 4 and 8 . . . . . . . . . . . . . . . . 9
10 Total credits . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Total tax after credits. Subtract line 10 from
line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
20%
40%
60%
80%
12 Applicable percentage. . . . . . . . . . . . . . . . . . . 12
13 Multiply line 11 by line 12. . . . . . . . . . . . . . . . . 13
14 Enter the combined amounts of line 20 from
all preceding periods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Subtract line 14 from line 13. If less than “0”
enter “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Divide line 6 of Form M-2210 by 4 and enter
result in each column . . . . . . . . . . . . . . . . . . . 16
17 Enter the amount from line 19 of this worksheet for the preceding
column. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
18 Add lines 16 and 17. . . . . . . . . . . . . . . . . . . . . 18
19 If line 18 is more than line 15, subtract line 15
from line 18. Otherwise enter “0”. . . . . . . . . . . 19
20 Enter the smaller of line 15 or line 18 here
and on Form M-2210, line 7 . . . . . . . . . . . . . . 20
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