Form 5120 - City Of Detroit Part Year Resident Income Tax Return - 2015 Page 2

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2015 Form 5120, Page 2
Filer’s Full Social Security Number
City of Detroit Part-Year Resident Income Tax Return
Column A:
Column B:
PART 2: SUBTRACTIONS FROM INCOME
Taxable Resident
Taxable Nonresident
(All entries must be positive numbers.)
Income
Income
22. Self-employed SEP, SIMPLE, IRA, and qualified plans. Attach a copy
00
00
of page 1 of U.S. 1040 (see instructions). ............................................. 22.
23. Employee business expenses (see instructions). Attach copy of
00
00
U.S. Form 2106. .................................................................................... 23.
24. Moving expenses (into City of Detroit). Attach a copy of
00
00
U.S. Form 3903 (see instructions). . ...................................................... 24.
00
00
25. Alimony paid. Do not include child support. . ........................................ 25.
XXXXXX
00
26. Renaissance Zone deduction. .............................................................. 26.
27. Other subtractions (see instructions).
00
00
Describe: _______________________________________________
27.
00
00
28. Total Subtractions. Add lines 22 through 27. ...................................... 28.
PART 3: INCOME TAX CALCULATION
00
00
29. Total income after subtractions. Subtract line 28 from line 21. .............. 29.
00
00
30. Exemption allowance (see instructions). ............................................ 30.
00
00
31. Net income. Subtract line 30 from line 29. .......................................... 31.
00
00
32. Losses transferred between columns A and B (see instructions). ......... 32.
33. Taxable income. Subtract line 32 from line 31. If line 32 is greater
00
00
than line 31, enter “0”. .......................................................................... 33.
34. Tax. Multiply line 33 Column A by 2.4% (0.024) and enter in Column
00
00
A. Multiply line 33 Column B by 1.2% (0.012) and enter in Column B.
34.
00
35. Combined Total Income Tax. Add line 34 columns A and B. .................................................................... 35.
PART 4: PAYMENTS AND CREDITS
00
36. Tax withheld from City Schedule W, line 5.................................................................................................... 36.
00
37. 2015 city estimated tax and extension payments ......................................................................................... 37.
00
38. Tax paid for you by a partnership from City Schedule W, line 6 ................................................................... 38.
39. Credit for income taxes paid to another city while a resident taxpayer.
00
City of: __________________________________________
39.
00
40. Total Payments and Credits. Add lines 36 through 39. ............................................................................. 40.
PART 5: REFUND OR TAX DUE
41. If line 35 is greater than line 40, subtract line 40 from line 35.
YOU OWE
00
Include interest
and penalty
if applicable........................
41.
00
42. Overpayment. If line 40 is greater than line 35, subtract line 35 from line 40. ............................................ 42.
00
43. Credit Forward. Amount to be credited to 2016 city estimated tax from line 42 ......................................... 43.
REFUND
00
44. Subtract line 43 from line 42. ....................................................................................................
44.
+
0000 2015 103 02 27 0
Continue on page 3. This form cannot be processed if pages 2 and 3 are not completed and attached.

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