Form It-1040 Es - Ohio Estimated Income Tax Instructions And Worksheet - 2004 Page 2

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IT-1040 ES
Rev. 10/03
2004 Ohio Income Tax Payment Worksheet (DO NOT FILE)
1. Enter your 2004 adjusted gross income (Federal 1040, 1040 A or 1040 EZ) ................... 1.
_____________
2. Adjustments to income: ...................................................................................................... 2.
_____________
3. Ohio adjusted gross income (line 2 subtracted from or added to line 1) .......................... 3.
_____________
4. Personal exemptions & dependent exemptions ___ X $1,250 (enter result here) ........... 4.
_____________
5. Ohio taxable income (subtract line 4 from line 3) ............................................................... 5.
_____________
6. Tax on Ohio income (see tax table below) .......................................................................... 6.
_____________
7. Exemption credit (number of personal and dependent exemptions times $20) ............... 7.
_____________
8. Ohio tax after exemption credit (line 6 minus line 7) .......................................................... 8.
_____________
9. Joint filing credit .................................................................................................................. 9.
_____________
10. Ohio income tax after joint filing credit (line 8 minus line 9) ............................................ 10.
_____________
11. Schedule B, C, D & E credits .............................................................................................. 11.
_____________
12. Ohio income tax after your joint filing credit and all nonrefundable
credits (line 10 minus line 11) ............................................................................................ 12.
_____________
13. 90% of line 12 ..................................................................................................................... 13.
_____________
14. 2004 Ohio income tax withheld from your wages and any nonrefundable
business credits ................................................................................................................. 14.
_____________
15. Ohio income tax due (line 13 minus line 14) ..................................................................... 15.
_____________
STOP
If line 15 is no more than $500 –
– you are not required to file Ohio estimated income tax.
If line 15 is more than $500, then you are required to file and pay Ohio estimated income taxes.
Go to line 16.
16. Multiply the amount on line 15 times .25 and enter here ................................................... 16.
_____________
This is the amount of your quarterly estimated payment (make your check or money
order payable to Ohio Treasurer of State or pay by credit card or electronic check).
Ohio Tax Table for Use with the 2004 Estimated Worksheet
Ohio Taxable Income
2004 Estimated Tax Rate
(line 5 of the estimate worksheet)
$
5,000 or less
0.743%
of Ohio taxable income
More than $
5,000 but not more than $ 10,000
$
37.15
plus
1.486%
of excess over
$
5,000
More than $ 10,000 but not more than $ 15,000
$
111.45
plus
2.972%
of excess over $ 10,000
More than $ 15,000 but not more than $ 20,000
$
260.05
plus
3.715%
of excess over $ 15,000
More than $ 20,000 but not more than $ 40,000
$
445.80
plus
4.457%
of excess over $ 20,000
More than $ 40,000 but not more than $ 80,000
$ 1,337.20
plus
5.201%
of excess over $ 40,000
More than $ 80,000 but not more than $100,000
$ 3,417.60
plus
5.943%
of excess over $ 80,000
More than $100,000 but not more than $200,000
$ 4,606.20
plus
6.9%
of excess over $100,000
Over
$200,000
$11,506.20
plus
7.5 %
of excess over $200,000
2004 Record of Estimated Tax Payments
Voucher #2 Amount _____
Voucher #3 Amount _____
Voucher #4 Amount _____
Voucher #1 Amount _____
Date _____
Check # _____
Date _____
Check # _____
Date _____
Check # _____
Date _____
Check # _____

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