Instruction For Schedule J - 2005 Page 5
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The 2003 Qualified Dividends and
figuring the tax on Schedule D,
Line 12
lines 50 and 52, or on the Schedule D Tax
Capital Gain Tax Worksheet on page J-6,
Worksheet, lines 48 and 50).
or
If line 11 is zero or less, enter -0- on line 12.
•
Otherwise, figure the tax on the amount on
The Schedule D you filed for 2003
line 11 using:
(but use the 2003 Tax Rate Schedules be-
•
The 2003 Tax Rate Schedules below,
low instead of the 2003 Tax Table when
2003 Tax Rate Schedules—Line 12
Schedule Y-2 — Use if your 2003 filing status was
Schedule X — Use if your 2003 filing status was Single
Married filing separately
If Schedule J,
Enter on
of the
If Schedule J,
Enter on
of the
line 11, is:
But not
Schedule J,
amount
line 11, is:
But not
Schedule J,
amount
Over —
over —
line 12
over —
Over —
over —
line 12
over —
$0
$7,000
...........
10%
$0
$0
$7,000
...........
10%
$0
7,000
28,400
$700.00 +
15%
7,000
7,000
28,400
$700.00 +
15%
7,000
28,400
68,800
3,910.00 +
25%
28,400
28,400
57,325
3,910.00 +
25%
28,400
68,800
143,500
14,010.00 +
28%
68,800
57,325
87,350
11,141.25 +
28%
57,325
143,500
311,950
34,926.00 +
33%
143,500
87,350
155,975
19,548.25 +
33%
87,350
311,950
.............
90,514.50 +
35%
311,950
155,975
.............
42,194.50 +
35%
155,975
Schedule Y-1 — Use if your 2003 filing status was Married
Schedule Z — Use if your 2003 filing status was Head of
filing jointly or Qualifying widow(er)
household
of the
of the
If Schedule J,
Enter on
If Schedule J,
Enter on
But not
amount
But not
amount
line 11, is:
Schedule J,
line 11, is:
Schedule J,
Over —
over —
over —
Over —
over —
over —
line 12
line 12
$0
$14,000
...........
10%
$0
$0
$10,000
...........
10%
$0
14,000
56,800
$1,400.00 +
15%
14,000
10,000
38,050
$1,000.00 +
15%
10,000
56,800
114,650
7,820.00 +
25%
56,800
38,050
98,250
5,207.50 +
25%
38,050
114,650
174,700
22,282.50 +
28%
114,650
98,250
159,100
20,257.50 +
28%
98,250
174,700
311,950
39,096.50 +
33%
174,700
159,100
311,950
37,295.50 +
33%
159,100
311,950
............
84,389.00 +
35%
311,950
311,950
.............
87,736.00 +
35%
311,950
J-5
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