Form 5805 - Underpayment Of Estimated Tax By Individuals And Fiduciaries - 1998 Page 2
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2
3Part III
Annualized Income Installment Method Schedule.
Use this schedule ONLY IF you earned taxable income at an UNEVEN RATE during 1998 (Example A). If you earned your income
at approximately the same rate each month, then you should not complete this schedule (Example B). If you choose to compute the
penalty, see the instructions for Worksheet II – Regular Method to Figure Your Underpayment and Penalty on page 3 of the
instructions.
Example A: If you were a commissioned salesperson who earned no income during the first three months of the year, earned most
of your income during the following six months and earned very little during the last three months, you should complete this sched-
ule. You may be able to benefit by using the annualized income installment method. The required annualized income installment of
estimated tax may be less than your required installment figured under the equal installment method.
Example B: If you worked all year and earned a monthly salary that did not change much during the year, you should not complete
this schedule.
Note: To complete this schedule correctly, you must first complete Side 1, Part II, line 1 through line 6.
Estates and trusts, do not use the period ending dates shown to the right.
(a)
(b)
(c)
(d)
Instead, use the following: 2/28/98, 4/30/98, 7/31/98 and 11/30/98. Fiscal-year filers
1/1/98 to
1/1/98 to
1/1/98 to
1/1/98 to
3/31/98
5/31/98
8/31/98
12/31/98
must adjust dates accordingly.
1 Enter your adjusted gross income (AGI) for each period. Form 540NR filers, see
instructions. Estates or trusts, enter the amount from Form 541, line 20
attributable to each period. See instructions . . . . . . . . . . . . . . . . . . . . . . .
1
2 Annualization amounts. Estates or trusts, see instructions . . . . . . . . . . . . . . .
2
2.4
4
1.5
1
3 Annualized income. Multiply line 1 by line 2 . . . . . . . . . . . . . . . . . . . . . . .
3
4
Enter your itemized deductions for the period shown in each column. If you do not
itemize deductions, enter -0- here and on line 6. Estates or trusts, enter -0- here,
skip to line 9, and enter the amount from line 3 on line 9 . . . . . . . . . . . . . . . . .
4
5 Annualization amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
4
2.4
1.5
1
6 Annualized itemized deductions. Multiply line 4 by line 5. See instructions . . . . . .
6
7
Enter your standard deduction from your 1998 Form 540 or Form 540NR, line 18;
or Form 540A, line 15. Enter the total standard deduction amount in each column . . . .
7
8 Enter line 6 or line 7, whichever is larger
. . . . . . . . . . . . . . . . . . . . . . .
8
9 Subtract line 8 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10
Figure the tax on the amount in each column of line 9 using the tax table or the
tax rate schedule in the instructions for Form 540 or Form 540NR.
Also, include any tax from form FTB 3803. Estates or trusts, see instructions . . . . . . .
10
11
Enter the total amount of exemption credits from your 1998 Form 540, line 21;
Form 540A, line 18; Form 540NR, line 23; or Form 541, line 22. Enter the total
exemption credit amount in each column. See instructions . . . . . . . . . . . . . . . . .
11
12 Subtract line 11 from line 10. Form 540NR filers, complete Worksheet I in the
instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13 Enter the total credit amount from your 1998 Form 540, line 33 or
Form 541, line 23. Form 540NR filers, see instructions. Enter the
total amount of credits in each column . . . . . . . . . . . . . . . . . . . . . . . . . .
13
14 Subtract line 13 from line 12. If zero or less, enter -0- . . . . . . . . . . . . . . . . .
14
15 Applicable percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20%
40%
60%
80%
15
16 Multiply line 14 by line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
COMPLETE LINE 17 THROUGH LINE 23 OF EACH COLUMN BEFORE YOU GO TO
THE NEXT COLUMN.
17
Enter the combined amounts shown on line 23 from all preceding columns . . . . . . . .
17
18 Subtract line 17 from line 16. If zero or less, enter -0- . . . . . . . . . . . . . . . . .
18
19
In each column, enter 1/4 of the amount on form FTB 5805, Part II, line 6 . . . . . . . .
19
20 Enter the amount from line 22 from the preceding column . . . . . . . . . . . . . . .
20
21 Add line 19 and line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
22
If line 21 is more than line 18, subtract line 18 from line 21. Otherwise, enter -0-. . . . .
22
23 Enter line 18 or line 21, whichever is less. Transfer these amounts
to Worksheet II – Regular Method to Figure Your Underpayment
and Penalty, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
Note: If you use the annualized income installment method for one payment due date, you must use it for all payment due dates.
This schedule automatically selects the smaller of your annualized income installment or your regular installment.
580598209
Side 2 FTB 5805 1998
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