Schedule Co Individual - Optional Computation Of Tax - 2010 Page 2

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Schedule CO Individual,
- Page 2
Rev. 12.10
E
O
1
0
1
0
B - TAXPAYER
C - SPOUSE
.
.
0
0
0
0
,
,
C. Contributions to governmental pension or retirement systems........................................
(33)
(55)
.
.
0
0
0
0
D. Deduction for Veterans (See instructions) ...................................................................
(34)
,
(56)
,
.
.
E. Ordinary and necessary expenses (Schedule I Individual, Part I, line 8 ) ......................
(35)
0
0
(57)
0
0
,
,
F. Automobile loan interest (Do not exceed from a total of $1,200. See instructions)
Financial Institution ____________________ Loan Number ______________________
.
.
0
0
0
0
,
,
Employer Identification Number
(37)
(58)
(36)
...........
.
.
0
0
0
0
,
,
G. Young people who work (See instructions) .................................................................
(38)
(59)
.
.
0
0
0
0
,
,
H. Educational Contribution Account (Schedule A1 Individual, Part II, line (10)) (See instructions) .
(39)
(60)
.
.
0
0
0
0
,
I. Acquisition and installation of a personal computer used by dependents (See instructions) ..
(40)
,
(61)
.
.
0
0
0
0
J. Contributions to the Endowment Fund of the University of Puerto Rico ................................
(41)
(62)
,
,
.
.
K. Total Additional Deductions (Add lines 6A through 6J, Columns B and C, respectively).
(42)
0
0
(63)
0
0
,
,
7.
Telephone service payment for communication with military personnel in combat
.
.
0
0
0
0
,
,
zone (See instructions) ............................................................................................
(43)
(64)
8.
EXEMPTION FOR DEPENDENTS (Complete Schedule A1 Individual, see instructions)
TOTAL
.
0
0
A) Non university: Category (N) ..............
,
x $2,500
(44)
(47)
.
0
0
B) University student: Category (U) ..........
,
(45)
x $2,500
(48)
C) Disabled, blind or age 65
.
0
0
,
or older: Category (I) ..........................
x $2,500
(49)
(46)
.
0
0
D) Total Exemption for Dependents (Add lines 8A through 8C) ................
,
(50)
.
.
0
0
0
0
,
,
E) Enter 50% of the total on line 8D in Columns B and C .............................................
(51)
(65)
.
.
0
0
0
0
9.
,
,
Total Deductions and Exemptions (Add lines 5, 6K, 7 and 8E, Columns B and C, respectively) ....
(52)
(66)
10.
NET TAXABLE INCOME (Subtract line 9 from line 4. If line 9 is larger than line 4, enter
.
.
0
0
0
0
,
zero) .....................................................................................................................
,
(53)
(67)
11.
Tax Determined Individually (Use the tax table and the amount entered in
.
.
0
0
,
0
0
,
Columns B and C of line 10 to determine the tax individually. See instructions) ..
(54)
(68)
12.
TOTAL TAX DETERMINED (Add the amounts in Columns B and C of line 11 and transfer it to Part 4, line 11 of the Short
.
0
0
,
Form) ....................................................................................................................................................
(69)
Continue in Part 4, line 11 of the Short Form.
Retention Period: Ten (10) years

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