Form 1cnp - Instruction Page 6
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I Column H. Tax
Tax Computation Worksheet – Individuals
1 If your filing status is:
• Single or head of household,
fill in $8,060
• Married filing joint return,
fill in $10,750
• Married filing separate return,
fill in $5,380 . . . . . . . . . . . . . . . . . .
2 Divide the amount from Schedule 2,
column E, by the amount from
Schedule 2, column F, and enter
2001 Tax Rate Schedule –
the ratio . . . . . . . . . . . . . . . . . . . . . . .
Estates and Trusts
3 Multiply line 1 by line 2 . . . . . . . . . . .
If column E is:
The 2001 gross tax is:
4 Fill in the amount from Schedule 2,
of the
column E . . . . . . . . . . . . . . . . . . . . . .
but not
amount
5 Fill in the smaller of line 3 or
over –
over –
over –
line 4 . . . . . . . . . . . . . . . . . . . . . . . . .
$
0
$ 8,060
4.60% $
0
6 Multiply line 5 by 4.60% (.0460).
8,060
16,130
$370.76 + 6.15%
8,060
(round to the nearest cent) . . . . . . . .
7 Subtract line 5 from line 4. If the
16,130
116,330
$867.07 + 6.50%
16,130
result is zero, skip lines 8
116,330
or over
$7,380.07 + 6.75%
116,330
through 20 and go to line 21 . . . . . . .
8 If your filing status is:
Alternate Method:
Single of head of household,
•
fill in $8,070
Married filing joint return,
•
fill in $10,750
Married filing separate return,
•
fill in $5,370 . . . . . . . . . . . . . . . . . .
9 Fill in the ratio from line 2 above . . . .
10 Multiply line 8 by line 9 . . . . . . . . . . .
11 Fill in the smaller of line 7 or line 10 . .
I Column I. Alternative Minimum Tax
12 Multiply line 11 by 6.15% (.0615).
(round to the nearest cent) . . . . . . . .
13 Subtract line 11 from line 7. If the
result is zero, skip lines 14
through 20 and go to line 21 . . . . . . .
14 If your filing status is:
• Single or head of household,
fill in $100,200
• Married filing joint return,
fill in $133,600
• Married filing separate return,
fill in $66,800 . . . . . . . . . . . . . . . . .
15 Fill in ratio from line 2 above . . . . . . .
16 Multiply line 14 by line 15 . . . . . . . . .
17 Fill in the smaller of line 13 or line 16 . .
I Column J. Estimated Tax Payments
18 Multiply line 17 by 6.50% (.0650).
(round to the nearest cent) . . . . . . . .
19 Subtract line 17 from line 13. If the
result is zero, skip line 20
Amended Return:
and go to line 21 . . . . . . . . . . . . . . . .
20 Multiply line 19 by 6.75% (.0675).
(round to the nearest cent) . . . . . . . .
I Column K. Balance Due or Overpayment
21 Add lines 6, 12, 18, and 20. Fill in
total here and on Schedule 2,
column H. . . . . . . . . . . . . . . . . . . . . .
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