Instructions For Form Nyc-1127 For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2001 Page 4

ADVERTISEMENT

Instructions for Form NYC-1127 2001
Page 4
STANDARD DEDUCTION
Choose the standard deduction amount appropriate to your Section 1127 filing status.
The Standard Deduction allowable is:
if single for the entire year and you can be claimed as a dependent on another taxpayer’s federal return
$3,000
if single for the entire year and you cannot be claimed as a dependent on another taxpayer’s federal return
$7,500
if head of household for the entire year
$10,500
if married and filing jointly for the entire year
$13,400
if qualifying widow(er) with dependent child for the entire year
$13,400
if married, filing separately for the entire year
$6,500
LIABILITY RATE SCHEDULES
You may use the liability rate schedules below or the 2001 City of New York Tax Tables included in the New York State
instructions to Form IT-201 which provide a detailed listing.
Married employees who include spouse’s income in Form NYC-1127 use Schedule A.
Married employees who choose not to include spouse's income in Form NYC-1127 and single employees use Schedule C.
Schedule A - Married filing jointly or Surviving Spouse
(The New York State income tax forms and instructions refer to surviving spouse as qualifying widow(er) with dependent child.)
If amount on line 49 of Form NYC-1127 is:
OVER
BUT NOT OVER
ENTER ON LINE 50
$
0
$
21,600
2.684%
of the amount on line 49 over
$
0
21,600
45,000
$
580
+
3.263%
"
21,600
45,000
90,000
1,343
+
3.315%
"
45,000
_
90,000
2,835
+
3.592%
"
90,000
Schedule B - Head of Household
If amount on line 49 of Form NYC-1127 is:
OVER
BUT NOT OVER
ENTER ON LINE 50
$
0
$
14,400
2.684%
of the amount on line 49 over
$
0
14,400
30,000
$
386
+
3.263%
"
14,400
30,000
60,000
895
+
3.315%
"
30,000
_
60,000
1,890
+
3.592%
"
60,000
Schedule C - Single, Married filing separately and all others
(Married employees who choose not to include their spouses income on Form NYC-1127 must use this schedule to compute the liability amount.)
If amount on line 49 of Form NYC-1127 is:
OVER
BUT NOT OVER
ENTER ON LINE 50
$
0
$
12,000
2.684%
of the amount on line 49 over
$
0
12,000
25,000
$
322
+
3.263%
"
12,000
25,000
50,000
746
+
3.315%
"
25,000
_
50,000
1,575
+
3.592%
"
50,000

ADVERTISEMENT

00 votes

Related Articles

Top 20 Happy Easter Cards And Gift Tags To Download For Free
Top Ten Easter Arts And Crafts Activities For Your Kids
Free Easter Coloring Pages And Easter Printables For Your Kids

Related forms

Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2016 Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2016 Financial
Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2013 Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2013 Financial
Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2015 Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2015 Financial
Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2014 Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2014 Financial
Form Nyc-1127 Draft - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2017 Form Nyc-1127 Draft - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2017 Financial
Form Nyc-1127 - Form For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2007 Form Nyc-1127 - Form For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2007 Financial
Form Nyc 1127 - Form For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2009 Form Nyc 1127 - Form For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2009 Financial
Form Nyc 1127 - Form For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2010 Form Nyc 1127 - Form For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2010 Financial
Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2012 Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2012 Financial
Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2008 Form Nyc-1127 - Return For Nonresident Employees Of The City Of New York Hired On Or After January 4, 1973 - 2008 Financial

Related Categories

Parent category: Financial
Download
Go
Page of 4