Instructions For Form 37 - The Regional Income Tax Agency (Rita) (Page 6 of 8) in pdf

Schedule K Instructions:

Line 33: Complete Line 33 if you earned W - 2 income in a RITA municipality from which no municipal income tax was withheld.

Multiply W-2 wages earned in a RITA municipality by the tax rate for that municipality. See the Tax Table on Pages 7 and 8 for the tax

rates for RITA municipalities. NOTE: Do not use Line 33 if your wages were earned in your resident municipality. Enter the total tax due

on Line 33 and on Page 2, Section B, Line 10.

Line 34: Complete Line 34 if you earned wages in a non-RITA municipality and you filed and paid the tax due to that municipality.

Proof of payment may be required. Multiply W-2 wages earned in a non-RITA municipality by the tax rate for that municipality. Enter the

tax rate of the non-RITA municipality on Line 34.

Line 35: Enter the amount from Worksheet L, Row 9, Column 7.

Line 36: Total Lines 33 through 35, and enter on Page 2, Section B, Line 4b.

Worksheet L Instructions:

Worksheet L is designed to allocate gains and losses to compute tax due and calculate potential credit to your resident municipality. If you

had any combination of gain(s) and loss(es) in more than one municipality, you must complete this Worksheet.

Do not complete Worksheet L if you were a non-resident of a RITA municipality for all of 2016.

Illustrative Worksheet L Example is provided to demonstrate calculations and how to allocate gains and losses.

Form 37 (2016)

Page 4

WORKSHEET L

RITA RESIDENTS ONLY Use this to allocate income/loss and calculate potential credit

Start with your completed Schedule J from Form 37, Page 3. List

for resident municipality.

INCOME/LOSS ALLOCATION

COLU

the name of your resident municipality (Column 1) and list each

COLUM N 1

COLUM N 2

COLUM N 3

M N 4

M N 5

M N 6

COLUM N 7

P rint the name o f each lo catio n

RESIDENT

LOCA TION 2

LOCA TION 3

LOCA

TOTA LS

(city/village/to wnship)

location where income/loss was earned.

M UNICIP A LITY

TION 4

TION 5

TION 6

listed fro m SCHEDULE J,

COLUM N(S) 1 -6

RITA Resident

Non-RITA Muni

RITA Muni

Muni

From Schedule J, Line 28, list each CURRENT YEAR

Enter CURRENT YEAR WORKPLACE

INCOME From SCHEDULE J, Line 28

$25,000

$(12,000)

$50,000

WORKPLACE INCOME.

Columns 1-6: If CURRENT YEAR

WORKPLACE INCOM E is a g ain , enter in

$25,000

50,000

$75,000

each column and total across.

Columns 1-6: If CURRENT YEAR

Row 1 - Enter Gains: If the “Current Year Workplace Income” is a

WORKPLACE INCOM E is a lo ss , enter in

$(12,000)

each column and total across.

C o mp ut e GA IN Per cent ag e : Divide

gain, enter the amount in this row and total across to Column 7.

each amount in Row 1, Columns 1-6 by the

total in Row 1, Column 7 and enter the

A llo cat e T o t al Lo ss b y GA IN

Per cent ag e: M ultiply the total loss from

Row 2 - Enter Losses: If the “Current Year Workplace Income” is a

$(3,960)

$(8,040)

Row 2, Column 7 by the percentage(s) in

loss, enter the amount in this row and total across to Column 7.

Subtract Row 4 from Row 1.

$21,040

$41,960

Enter NET TAXABLE WORKPLACE

INCOM E from SC HED U LE J, Line 3 0 .

$50,000

Row 3: For each gain shown in Row 1, divide the gain amount by

the total of all gains in Column 7 of Row 1, and enter the result as a

Enter the lesser of Row 5 or Row 6 above. If

$41,960

amount is less than zero, enter -0-.

Rows 8-9:

percentage in the corresponding column on Row 3.

Calculate

the tax

Enter amo unt fro m

due on

For Columns 2-6, enter tax rate for

Ro w 9, Co l 7 belo w

Non-W2

workplace municipality listed.

o n P age 3, Schedule

workplace

Row 4: Multiply the total loss from Row 2, Column 7 by each

0.025

K, Line 35

income

M ul t i pl y Row 6 by Row 8. I f t he r esul t i s $ 10 or l ess, ent er -0- on

percentage shown in Row 3, Columns 1-6. Enter the result on Row

Row 9. I f gr eat er t han $ 10 - mul t i pl y Row 7 by Row 8 and ent er

$1,049

Rows 10-

t he r esul t on Row 9.

11: Get

If amount in Row 9 is greater than zero, enter

4 in the corresponding Column, 1-6. This amount is the apportioned

$41,960

10.

credit f or

the amount from Row 7.

the tax

M ultiply Row 10 by the Credit Rate of the

Enter amo unt fro m

paid in

loss.

resident municipality.

Row 9,

Ro w 1 2, Co l 7 belo w

11.

The resident municipality's credit rate:

Column 7

o n P age 2, Credit

$839

__.02______

Rate Wo rksheet

Enter the lesser of Row 9 or Row 11 above.

$839

12.

Row 5: Subtract the apportioned loss shown in Row 4 from the gain shown in Row 1.

Row 6: Enter the Net Taxable Workplace Income from Schedule J, Line 30, Columns 2-6.

Row 7: Compare Row 6 to Row 5. On Row 7, enter the lesser amount from Row 5 or 6. If the amount is less than zero, enter -0-.

Row 8: Enter the tax rate for each workplace municipality listed in Columns 1-6 on Worksheet L.

Row 9: Multiply Row 6 by Row 8. If the result is $10 or less, enter -0- on Row 9. If greater than $10, multiply Row 7 by Row 8 and enter the

result on Row 9. Total the amounts across and enter the total in Column 7. Enter the amount from Column 7 on Page 3, Schedule K, Line

35.

Row 10: If the amounts shown in Row 9, are greater than zero, enter the amounts from Row 7 onto Row 10.

Row 11: Multiply the amounts entered on Row 10 by the Credit Rate of your resident municipality.

Row 12: Compare the amounts on Row 11 to the amount on Row 9. Enter the lesser of these two amounts onto Row 12 and total across

in Column 7. Enter the amount from Column 7 on Page 2, Credit Rate Worksheet.

Instructions For Form 37 - The Regional Income Tax Agency (Rita) Page 6

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