Form Ri-1041 - Rhode Island Fiduciary Income Tax Return - 2008 Page 4
ADVERTISEMENT
1
2
3
4
5RI-1041
2008
FIDUCIARY ALTERNATIVE MINIMUM TAX
(continued)
Name of Estate or Trust
Federal Identification Number
5% BRACKET
23.
Enter the SMALLER of line 7 or line 8 .......
23.
24.
Enter the amount from line 17 ....................
24.
25.
Subtract line 24 from line 23
(If zero or less, enter
zero.).......................
25.
26.
Enter the SMALLER of line 18 or line 23 ...............................................
26.
27.
Enter the SMALLER of line 17 or line 18 ...............................................
27.
28.
Subtract line 27 from line 26
(If zero or less, enter
zero.)....................................................................
28.
29.
Multiply line 28 by 1.67% (.0167) ....................................................................................................................................................
29.
30.
Subtract line 28 from line 25
(If zero or less, enter
zero.)....................................................................
30.
31.
Multiply line 30 by 5% (.0500) .........................................................................................................................................................
31.
6.25% BRACKET
32.
Enter the SMALLER of line 9 or line 12 .................................................
32.
33
Add lines 12 and 15 ....................................
33.
34.
Enter the amount from line 7 ....................
34.
35.
Subtract line 34 from line 33
(If zero or less, enter
zero.).......................
35.
36.
Subtract line 35 from line 32
(If zero or less, enter
zero).........................
36.
37.
Enter the SMALLER of line 36 or Qualified Gain from RI-1041 Schedule D, line 22, column (e) ......
37.
38.
Multiply line 37 by 2.08% (.0208) ....................................................................................................................................................
38.
39.
Subtract line 37 from line 36
(If zero or less, enter
zero.)....................................................................
39.
40.
Multiply line 39 by 6.25% (.0625) ....................................................................................................................................................
40.
7% BRACKET
41.
Add lines 15, 19, 21, 28, 30, 37 and 39 ..............................................................................................
41.
42.
Subtract line 41 from line 7
(If zero or less, enter
zero.)......................................................................
42.
43.
Enter the SMALLER of line 42 or Qualified Gain from RI-1041 Schedule D, line 24, column (e).......
43.
44.
Multiply line 43 by 2.33% (.0233) ....................................................................................................................................................
44.
TOTAL TAX
45.
Add lines 16, 20, 22, 29, 31, 38, 40 and 44 ....................................................................................................................................
45.
46.
If line 7 is less than $175,000 then multiply line 7 by 6.5% (.0650). Otherwise, multiply line 7 by 7% (.0700) and subtract
$875 from the result.........................................................................................................................................................................
46.
47.
Enter the SMALLER of lines 45 or 46 here and on line 4 of Part 1................................................................................................
47.
Page 11
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial