Form Il-2210 - Computation Of Penalties For Individuals - 2014 Page 4
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4Step 6: Complete the annualization worksheet for Step 2, Line 9b
Complete this worksheet only if your income was not received evenly throughout the year and you choose to annualize your
income. Complete Lines 38 through 56 of one column before going to the next, beginning with Column A.
A
B
C
D
First 3 months
First 5 months
First 8 months
All 12 months
38
Enter your Illinois base income
38
for each period. See instructions.
4
2.4
1.5
1
39
39
Annualization factors.
40
Multiply Line 38 by Line 39.
40
This is your annualized income.
41
41
Exemptions. See instructions.
42
Subtract Line 41 from Line 40.
42
This is your Illinois net income.
43
43
Multiply Line 42 by 5% (.05).
44
Compassionate use of
medical cannabis surcharge.
44
See instructions.
45
45
Add Lines 43 and 44.
46
For each period, enter the
amount you entered on
46
Step 2, Line 2, Column A.
47
47
Subtract Line 46 from Line 45.
22.5% (.225)
45% (.450)
67.5% (.675)
90% (.900)
48
48
Applicable percentage.
49
Multiply Line 47 by Line 48.
This is your annualized
49
installment.
50
Add the amounts on Line 56 of
each of the preceding columns
Skip this line for Column A.
50
and enter the total here.
51
Subtract Line 50 from Line 49.
51
If less than zero, enter “0.”
52
Enter the amount you would
have entered in Step 2, Line 9b,
52
if you were not annualizing.
53
Enter the amount from Line 55
Skip this line for Column A.
53
of the preceding column.
54
54
Add Lines 52 and 53.
55
If Line 54 is greater than
Line 51, subtract Line 51 from
Skip this line for Column D.
55
Line 54. Otherwise, enter “0.”
56
Enter the lesser of Line 51 or
Line 54 here and on Step 2,
Line 9b. This is your required
56
installment.
Reset
Print
*461704110*
Page 4 of 4
IL-2210 (R-12/14)
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