Form Mi-2210 - Underpayment Of Estimated Income Tax Page 2
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22007 MI-2210, Page 2
Filer’s Social Security Number
22. a. Rate Period 3: 9.2%. Jan. 1, 2008 - June 30, 2008
Dec. 31, 2007
Dec. 31, 2007
Dec. 31, 2007
Jan. 15, 2008
Computation starting date for this period:
b. Number of days from date on line 22a to the date line 19
was paid or April 15, 2008, whichever is earlier. If April 15
is earlier, enter 106, 106, 106 and 91 respectively.
c. .0002514 x days on line 22b x underpayment on line 19.
23. Interest. Add amount on lines 20c, 21c and 22c in all columns. Enter the total interest here
00
and on the appropriate line on your MI-1040 or MI-1041 ......................................................................................
23.
A
B
C
D
PART 3: FIGURING THE PENALTY
April 17, 2007
June 15, 2007
Sept. 17, 2007
Jan. 15, 2008
00
00
00
00
24. Underpayment (see instructions).....................................
24.
%
%
%
%
25. Enter 25% (.25) or 10% (.10) (see instructions) ..............
25.
00
00
00
00
26. Multiply amount on line 24 by line 25 ..............................
26.
27. TOTAL PENALTY. Add line 26, column A-D. Enter total penalty here and in appropriate space
00
on the pay line of your MI-1040 or MI-1041...........................................................................................................
27.
00
28. Add lines 23 and 27. This is your total penalty and interest to be added to your tax due ....................................
28.
This form computes penalty and interest for estimate vouchers to the date of payment or April 15, 2008, whichever is earlier.
Additional penalty and interest for late fi ling accrues on your annual return from April 15 to the date of payment.
ANNUALIZED INCOME WORKSHEET
Complete one column at a time. Line numbers refer to this worksheet unless another form is listed. Estates and trusts: Use the following period
ending dates: 2/28/07, 4/30/07, 7/31/07 and 11/30/07. Do not use the dates in the column headings below. For a period with multiple tax rates of 3.9 and
4.01%, separate the months with different rates as shown in the worksheet below.
A
B
C
D
E
First 3 months
First 5 months
First 8 months
12 months
1. Enter total income subject to tax (reported on 2007
1-1 to 3-31-07
1-1 to 5-31-07
1-1 to 8-31-07
RESERVED
1-1 to 12-31-07
MI-1040, line 14) that is attributable to each period in the
corresponding column ........................................................... 1.
4
2.4
1.5
1
2. Annualization amounts .......................................................... 2.
3. Annualized income. Multiply line 1 by line 2 ......................... 3.
4. Enter total exemption allowance (MI-1040, line 15) .............. 4.
5. Subtract line 4 from line 3 ...................................................... 5.
6. Multiply lines 5A-C by 3.9% (.039) and line 5E by 4.01%
(.0401) ................................................................................... 6.
7. RESERVED .......................................................................... 7.
8. Add lines 19, 26, 27, 28 and 29 from your 2007 MI-1040
and enter the result in each column ...................................... 8.
9. Subtract line 8 from line 6 (if zero or less, enter “0”) ............. 9.
10. Multiply amount from line 9 by 22.5% (1st period), 45%
(line 9 x 22.5%) (line 9 x 45%) (line 9 x 67.5%)
(line 9 x 90%)
(2nd period), 67.5% (3rd period) and 90% (4th period).
Enter the results in each column ........................................... 10.
11. Enter combined amounts from line 17 of all previous
columns ................................................................................. 11.
12. Subtract line 11 from line 10 (if zero or less, enter “0”) .......... 12.
13. Divide amount on p. 1, line 8, by 4 and enter the result in
each column .......................................................................... 13.
14. Enter the amount from line 16 of the previous column .......... 14.
15. Add lines 13 and 14 ............................................................... 15.
16. Subtract line 12 from line 15 (if zero or less, enter “0”) ........ 16.
17. Enter the smaller of lines 15 or 12 here. Carry line 17A-C
to p. 1, line 10a, col. A-C. Carry line 17E to p. 1, line
10b, col. D ............................................................................. 17.
+
0000 2007 53 02 27 3
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