Is My Withholding Correct For 1999 - Instructions - Department Of The Treasury Page 8
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151999 Tax Rate Schedules
Caution: Do not use these Tax Rate Schedules to figure your 1998 taxes. Use only to figure your 1999 estimated taxes.
Single—Schedule X
Head of household—Schedule Z
If line 5 is:
The tax is:
of the
If line 5 is:
The tax is:
of the
But not
But not
amount
amount
Over—
Over—
over—
over—
over—
over—
$0
$25,750
15%
$0
$0
$34,550
15%
$0
25,750
62,450
$3,862.50 +
28%
25,750
34,550
89,150
$5,182.50 +
28%
34,550
62,450
130,250
14,138.50 +
31%
62,450
89,150
144,400
20,470.50 +
31%
89,150
130,250
283,150
35,156.50 +
36%
130,250
144,400
283,150
37,598.00 +
36%
144,400
283,150
90,200.50 +
39.6%
283,150
283,150
87,548.00 +
39.6%
283,150
Married filing jointly or Qualifying
Married filing separately—Schedule Y-2
widow(er)—Schedule Y-1
If line 5 is:
The tax is:
of the
If line 5 is:
The tax is:
of the
But not
But not
amount
amount
Over—
Over—
over—
over—
over—
over—
$0
$43,050
15%
$0
$0
$21,525
15%
$0
43,050
104,050
$6,457.50 +
28%
43,050
21,525
52,025
$3,228.75 +
28%
21,525
104,050
158,550
23,537.50 +
31%
104,050
52,025
79,275
11,768.75 +
31%
52,025
158,550
283,150
40,432.50 +
36%
158,550
79,275
141,575
20,216.25 +
36%
79,275
283,150
85,288.50 +
39.6%
283,150
141,575
42,644.25 +
39.6%
141,575
Worksheet 4 — Itemized Deductions Limit
Worksheet 5 — Exemptions Phaseout
Use this worksheet to figure the amount to enter on line 2
Use this worksheet to figure the amount to enter on line 4
of Worksheet 1 — 1999 Tax Worksheet.
of Worksheet 1 — 1999 Tax Worksheet.
1.
Enter the estimated total of your itemized
1. Multiply
$2,750
by
the
number
of
deductions allowable after applying any
exemptions you plan to claim
limits
2.
Enter
the
amount
from
line
1
of
2.
Enter the amount included in line 1 for
Worksheet 1
medical and dental expenses, investment
3.
Enter:
interest, casualty and theft losses, and
$126,600 if single
gambling losses
$189,950 if married filing jointly
Subtract line 2 from line 1
or qualifying widow(er)
3.
$94,975 if married filing separately
Note. If the amount on line 3 is zero, stop here
$158,300 if head of household
and enter on line 2 of Worksheet 1 the larger of
the amount from line 1 of this worksheet or your
4.
Subtract line 3 from line 2. If zero or less,
standard deduction.
do not use this worksheet. See the
instructions on line 4 of Worksheet 1
4.
Multiply the amount on line 3 by .80
Note: If line 4 is more than $122,500 (more than
5.
Enter
the
amount
from
line
1
of
$61,250 if marr ied filing separately), stop; you
Worksheet 1
cannot take a deduction for exemptions. Enter
6.
Enter $126,600 ($63,300 if married filing
-0- on line 4 of Worksheet 1.
separately)
5.
Divide the amount on line 4 by $2,500
7.
Subtract line 6 from line 5
($1,250 if married filing separately). If the
result is not a whole number, increase it to
Note. If the amount on line 7 is zero or less, stop
the next whole number
here and enter on line 2 of Worksheet 1 the larger
of the amount from line 1 of this worksheet or
6.
Multiply the number on line 5 by .02.
your standard deduction.
Enter the result as a decimal, but not
more than 1
8.
Multiply the amount on line 7 by .03
7.
Multiply the amount on line 1 by the
9.
Enter the smaller of line 4 or line 8
decimal on line 6
10.
Subtract line 9 from line 1. Enter the result
8.
Subtract line 7 from line 1. Enter the
here and on line 2 of Worksheet 1
result here and on line 4 of Worksheet 1
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