Schedule K-210 - Individual Underpayment Of Estimated Tax Worksheet (Including Farmers And Fishers) - 1998

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Individual Underpayment of Estimated Tax Worksheet
(Including farmers and fishers)
K-210
1998
Name as shown on Form K-40
Social Security Number
CURRENT AND PRIOR YEAR INFORMATION
1
1. Amount from line 17, 1998 Form K-40.
2
2. Multiply line 1 by 90% (farmers and fishers multiply by 66 %)
3
3. Prior year’s tax liability.
4. Enter the total amount of your 1998 Kansas income tax withheld.
4
PART I: EXCEPTIONS TO THE PENALTY
1/1/98-4/15/98
1/1/98-6/15/98
1/1/98-9/15/98
1/1/98-1/15/99
25% of line 4
50% of line 4
75% of line 4
100% of line 4
5
5. Cumulative total of your 1998 withholding.
6. Cumulative timely paid estimated tax payments
6
from January 1 through each payment due date.
7. Total amount withheld and timely paid estimate
7
payments (Add lines 5 and 6).
25% of line 2 or 3
50% of line 2 or 3
75% of line 2 or 3
100% of line 2 or 3
8. Exception 1 — Cumulative amount from either
8
line 2 or 3, whichever is less.
22.5% of tax
45% of tax
67.5% tax
90% of tax
9. Exception 2 — Tax on annualized 1998 income
9a
(Enclose computation) (Farmers / fishers use line 9b).
66.66% of tax
9b
PART II: EXCEPTIONS TO FIGURING THE PENALTY
10. Amount of underpayment: Enter the sum of line 8 less
10
line 7, line 9a less line 7, or line 9b less line 7, which-
ever is applicable.
11
4/15/98
6/15/98
9/15/98
1/15/99
11. Due date of each installment.
12. Number of days from the due date of the installment to
12
61
92
107
the due date of next installment or 12-31-98, whichever
is earlier. If paid late, see instructions.
13. Enter the number of days from 1-15-99 to the date paid or
15
13
4-15-99, whichever is earlier. If paid late, see instructions.
14. Line 12 ( 10%
amount on line 10).
14
365
15. Line 12 (
9%
amount on line 10).
15
365
16. Penalty (Add lines 14 and 15).
16
17. Total penalty (Add amounts on line 16). Enter this amount on line 28
17
“Estimated Tax Penalty” on the back of Form K-40.
CURRENT AND PRIOR YEAR INFORMATION
Complete lines 1 through 4 according to the information on your return for this tax year and the prior tax year.
EXCEPTIONS TO THE PENALTY
You will NOT be subject to a penalty if your 1998 tax payments (column 4 line 7) equal or exceed the amounts for one of the exceptions (column 4
lines 8, 9a or 9b) for the same payment period. NOTE: The percentage’s shown on lines 8 and 9, for payment periods April 15, June 15, September
15, and January 15 are for calendar year taxpayers required to pay on all four dates.
EXCEPTION 1, 1997 TAX
This exception applies if amount on line 7 column 4 equals or exceeds the amount on line 8 column 4.
EXCEPTION 2, TAX ON ANNUALIZED 1998 INCOME
This exception applies if the amount on line 7 column 4 exceeds the amount on line 9a or 9b (as applicable). If you are a farmer or fisher, you will only
complete the last column of line 9b.
HOW TO FIGURE YOUR PENALTY
If your 1998 tax payments (column 4 line 7) do not equal or exceed the amounts determined under the exceptions shown on lines 8 or 9, complete
lines 10 through 17 to determine the amount of penalty. Penalty = line 14 plus line 15.

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