Instructions For Form Ct-1 X - 2010 Page 7
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9Be sure to explain the reasons for this correction on line 20.
13. Tier I Employer Medicare Tax—Sick Pay
11. Tier II Employee Tax—Compensation
If you are correcting the sick pay for the Tier I Employer
Medicare tax you reported on line 8 of Form CT-1, enter the
If you are correcting the compensation, including tips reported,
total corrected amount in column 1. In column 2, enter the
for the Tier II Employee tax you reported on line 6 of Form
amount you originally reported or as previously corrected. In
CT-1, enter the total corrected amount in column 1. In column
column 3, enter the difference between columns 1 and 2.
2, enter the amount you originally reported or as previously
corrected. In column 3, enter the difference between columns 1
line 13 (column 1)
and 2.
-line 13 (column 2)
line 13 (column 3)
If the amount in column 2 is larger than the
line 11 (column 1)
amount in column 1, use a minus sign in
-line 11 (column 2)
column 3.
line 11 (column 3)
If the amount in column 2 is larger than the
Multiply the amount in column 3 by .0145 (1.45% tax rate)
amount in column 1, use a minus sign in
and enter that result in column 4.
column 3.
Multiply the amount in column 3 by the rate that applies to
line 13 (column 3)
the year you are correcting and enter that result in column 4.
x .0145
If the amount in column 3 used a minus sign, also use a minus
line 13 (column 4)
If the amount in column 3 used a minus sign,
sign in column 4.
also use a minus sign in column 4.
Example — Tier II Employee compensation decreased.
Following Example — Tier I Employer compensation decreased
Be sure to explain the reasons for this correction on line 20.
in the instructions for line 6, the compensation that you counted
14. Tier I Employee Tax—Sick Pay
twice was also Tier II Employee compensation. Because you
are correcting your 2009 Form CT-1 in this example, use the
If you are correcting the sick pay for the Tier I Employee tax you
rate for line 6 (3.9%) shown on that return. To correct the error,
reported on line 9 of Form CT-1, enter the total corrected
figure the difference on Form CT-1 X as shown.
amount in column 1. In column 2, enter the amount you
originally reported or as previously corrected. In column 3, enter
Column 1 (corrected amount)
7,000.00
the difference between columns 1 and 2.
Column 2 (from line 6 of Form CT-1)
- 9,000.00
Column 3 (difference)
- 2,000.00
line 14 (column 1)
Use the difference in column 3 to determine your tax
-line 14 (column 2)
correction.
line 14 (column 3)
If the amount in column 2 is larger than the
amount in column 1, use a minus sign in
column 3.
Column 3 (difference)
-2,000.00
Tax rate (3.9%)
x .039
Multiply the amount in column 3 by .062 (6.2% tax rate) and
Column 4 (tax correction)
-78.00
enter that result in column 4.
Be sure to explain the reasons for this correction on line 20.
line 14 (column 3)
x .062
12. Tier I Employer Tax—Sick Pay
line 14 (column 4)
If the amount in column 3 used a minus sign,
If you are correcting the sick pay for the Tier I Employer tax you
also use a minus sign in column 4.
reported on line 7 of Form CT-1, enter the total corrected
amount in column 1. In column 2, enter the amount you
Be sure to explain the reasons for this correction on line 20.
originally reported or as previously corrected. In column 3, enter
the difference between columns 1 and 2.
15. Tier I Employee Medicare Tax—Sick Pay
If you are correcting the sick pay for the Tier I Employee
line 12 (column 1)
Medicare tax you reported on line 10 of Form CT-1, enter the
-line 12 (column 2)
total corrected amount in column 1. In column 2, enter the
line 12 (column 3)
If the amount in column 2 is larger than the
amount you originally reported or as previously corrected. In
amount in column 1, use a minus sign in
column 3, enter the difference between columns 1 and 2.
column 3.
Multiply the amount in column 3 by .062 (6.2% tax rate) and
line 15 (column 1)
enter that result in column 4.
-line 15 (column 2)
line 15 (column 3)
If the amount in column 2 is larger than the
line 12 (column 3)
amount in column 1, use a minus sign in
x .062
column 3.
line 12 (column 4)
If the amount in column 3 used a minus sign,
Multiply the amount in column 3 by .0145 (1.45% tax rate)
also use a minus sign in column 4.
and enter that result in column 4.
Example — Tier I Employer sick pay increased. You
reported $8,000 as Tier I Employer sick pay in computing the
line 15 (column 3)
tax on line 7 of your 2009 Form CT-1. In December of 2010,
x
.0145
you discovered that you overlooked $1,000 in sick pay for one
line 15 (column 4)
If the amount in column 3 used a minus sign,
of your employees. To correct the error, figure the difference on
also use a minus sign in column 4.
Form CT-1 X as shown.
Be sure to explain the reasons for this correction on line 20.
Column 1 (corrected amount)
9,000.00
16. Tax Adjustments
Column 2 (from line 7 of Form CT-1)
- 8,000.00
Column 3 (difference)
1,000.00
Do not enter an amount on line 16 unless you need to correct
Use the difference in column 3 to determine your tax
any current year adjustments reported on line 12 of a previously
correction.
filed Form CT-1. However, if you need to correct sick pay
adjustments for prior years reported on line 12 of a previously
Column 3 (difference)
1,000.00
filed Form CT-1, enter the corrections on lines 12 through 15 of
Tax rate (6.2%)
x .062
Form CT-1 X.
Column 4 (tax correction)
62.00
Enter the corrected amount for tax adjustments in column 1.
Be sure to explain the reasons for this correction on line 20.
Enter the originally reported or previously corrected current year
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Instructions for Form CT-1 X (2010)
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