Schedule P - Part Year Resident Calculation
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1CITY OF LAPEER INCOME TAX
SCHEDULE P - PART YEAR RESIDENT CALCULATION
FOR THE COMPUTATION OF LAPEER INCOME TAX OF A PART-YEAR RESIDENT SUBJECT TO LAPEER INCOME TAX AS A
RESIDENT AND NONRESIDENT
SCHEDULE P MUST BE ATTACHED TO LAPEER INCOME TAX RETURN FORM L-1040
1a. TAXPAYER'S FIRST NAME , MIDDLE INITIAL, AND LAST NAME
1b. YOUR SOCIAL SECURITY NUMBER
1c. IF JOINT RETURN, SPOUSE'S FIRST NAME, MIDDLE INITIAL, AND LAST NAME
1d. SPOUSE'S SOCIAL SECURITY NUMBER
1e. LAPEER RESIDENT
FROM
TO
1f. FORMER ADDRESS
INCOME
2.
Wages, tips and other compensation (deferred compensation, sick pay, etc).
COLUMN 1
COLUMN 2
LAPEER
ALL INCOME
LAPEER
Indicate husband's wages by placing an "H" in the brackets in front of the employer's name.
INCOME TAX
WHILE A LAPEER
INCOME WHILE A
Indicate wife's wages by placing an "W" in the brackets in front of the employer's name.
WITHHELD
RESIDENT
NONRESIDENT
EMPLOYER'S NAME
ADDRESS OF ACTUAL WORK STATION
2a. (
)
2a.
2b. (
)
2b.
2c. (
)
2c.
2d. (
)
2d.
2e. (
)
2e.
2f. (
)
2f.
2g. (
)
2g.
3.
TOTAL COMPENSATION AND LAPEER TAX WITHHELD
3.
4.
Taxable interest
4.
5.
Ordinary dividends
5.
6.
Business Income. (Attach copy of federal Schedule C.)
6.
7.
Capital gains or losses. (attach copy of federal Schedule D.)
7.
8.
Rental real estate, royalties, partnerships, trusts, etc. (Attach copy of federal Schedule E.)
8.
9.
Other income. Attach statement listing type and amount.
9.
10.
TOTAL INCOME. ADD LINES 3 THROUGH 9
10.
DEDUCTIONS
11.
Individual Retirement Account. (ATTACH PG. 1 OF FEDERAL 1040)
11.
12.
Employee business expenses. (SEE INSTRUCTIONS AND ATTACH FEDERAL 2106 OR LIST)
12.
13.
Moving expenses. (Into City of Lapeer only) (ATTACH FEDERAL 3903 OR LIST)
13.
14.
Alimony paid. DO NOT INCLUDE CHILD SUPPORT (ATTACH COPY PAGE 1 OF FEDERAL RETURN)
14.
15.
TOTAL DEDUCTIONS. ADD LINES 11 THROUGH 14
15.
16.
TOTAL INCOME AFTER DEDUCTIONS. SUBTRACT LINE 15 FROM LINE 10
16.
17.
Amount for exemptions. (Number of exemptions, _____ times exemption amount of $600.00)
17.
18.
Excess exemption amount. If amount on line 17 exceeds the amount in column 1, line 16 enter the unused portion
18.
19.
Total income subject to tax as a resident. Column 1: Subtract line 17 from line 16
19.
20.
Total income subject to tax as a nonresident. Column 2: Subtract line 18 from line 16
20.
COMPUTATION OF TAX
21.
Tax while RESIDENT: Multiply amount on Line 19 Column 1 by 1% (.01)
21.
22.
Tax while NONRESIDENT: Multiply amount on line 20 Column 2 by 1/2 % (.005)
22.
23.
TOTAL TAX. Add Column 1, line 21 and 22 and enter here and on Page 1, line 19
23.
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