Form Ri-1041 - Rhode Island Fiduciary Income Tax Return - 2007 Page 4
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5RI-1041
2007
FIDUCIARY ALTERNATIVE MINIMUM TAX
(continued)
Name of Estate or Trust
Federal Identification Number
5% BRACKET
31.
Enter the SMALLER of line 15 or line 16 ...
31.
32.
Enter the amount from line 25 ....................
32.
33.
33.
Subtract line 32 from line 31
(If zero or less, enter
zero.).......................
34.
Enter the SMALLER of line 26 or line 31 ...............................................
34.
35.
Enter the SMALLER of line 25 or line 26 ...............................................
35.
36.
Subtract line 35 from line 34
(If zero or less, enter
zero.)....................................................................
36.
37.
Multiply line 36 by 1.67% (.0167) ....................................................................................................................................................
37.
38.
Subtract line 36 from line 33
(If zero or less, enter
zero.)....................................................................
38.
39.
Multiply line 38 by 5% (.0500) .........................................................................................................................................................
39.
6.25% BRACKET
40.
Enter the SMALLER of line 17 or line 20 ...............................................
40.
41.
Add lines 20 and 23 ....................................
41.
42.
Enter the amount from line 15 ....................
42.
43.
Subtract line 42 from line 41
(If zero or less, enter
zero.).......................
43.
44.
Subtract line 43 from line 40
(If zero or less, enter
zero).........................
44.
45.
Enter the SMALLER of line 44 or Qualified Gain from RI-1041 Schedule D, line 21, column (e) ......
45.
46.
Multiply line 45 by 2.08% (.0208) ....................................................................................................................................................
46.
47.
Subtract line 45 from line 44
(If zero or less, enter
zero.)....................................................................
47.
48.
Multiply line 47 by 6.25% (.0625) ....................................................................................................................................................
48.
7% BRACKET
49.
Add lines 23, 27, 29, 36, 38, 45 and 47 ..............................................................................................
49.
50.
Subtract line 49 from line 15
(If zero or less, enter
zero.).................................................................
50.
51.
Enter the SMALLER of line 50 or Qualified Gain from RI-1041 Schedule D, line 22, column (e).......
51.
52.
Multiply line 51 by 2.33% (.0233) ....................................................................................................................................................
52.
TOTAL TAX
53.
Add lines 24, 28, 30, 37, 39, 46, 48 and 52 ....................................................................................................................................
53.
54.
If line 15 is less than $175,000 then multiply line 15 by 6.5% (.0650). Otherwise, multiply line 15 by 7% (.0700) and subtract
$875 from the result.........................................................................................................................................................................
54.
55.
Enter the SMALLER of lines 53 or 54 here and on line 4 of Part 1................................................................................................
55.
Page 9
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