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CT-1, enter the total corrected amount in column 1. In column

Column 3 (difference)

1,000.00

2, enter the amount you originally reported or as previously

Tax rate (6.2%)

x .062

Column 4 (tax correction)

62.00

corrected. In column 3, enter the difference between columns 1

and 2.

Be sure to explain the reasons for this correction on line 21.

line 11 (column 1)

Line 12b applies only to corrections to the 2010 Form

-line 11 (column 2)

CT-1.

line 11 (column 3)

If the amount in column 2 is larger than

CAUTION

the amount in column 1, use a minus

12b. Exempt sick pay paid to qualified employees April

1-December 31, 2010. Enter the total corrected amount from

line 7c of the previously filed 2010 Form CT-1 in column 1. In

Multiply the amount in column 3 by the rate stated on line 6

column 2, enter the amount you originally reported or as

of the Form CT-1 you are correcting and enter that result in

previously corrected. In column 3, enter the difference between

column 4. If the amount in column 3 used a minus sign, also

columns 1 and 2. If the amount in column 2 is larger than the

use a minus sign in column 4.

amount in column 1, use a minus sign in column 3.

Example — Tier II Employee compensation decreased.

Multiply the amount in column 3 by .062 (6.2% tax rate) and

Following Example — Tier I Employer compensation decreased

enter that result in column 4. However, to properly show the

in the instructions for line 6a, the compensation that you

correction as a credit or balance due item, enter a positive

counted twice was also Tier II Employee compensation.

number in column 3 as a negative number in column 4 or a

Because you are correcting your 2011 Form CT-1 in this

negative number in column 3 as a positive number in column 4.

example, use the rate for line 6 (3.9%) shown on that return. To

See Correcting Tier I Employer RRTA Tax Exemption, earlier,

correct the error, figure the difference on Form CT-1 X as

for the definitions of qualified employee and exempt

shown.

compensation.

Column 1 (corrected amount)

7,000.00

If you make a correction to line 12b, then you must

Column 2 (from line 6 of Form CT-1)

- 9,000.00

complete line 12a.

Column 3 (difference)

- 2,000.00

CAUTION

Be sure to explain the reasons for this correction on line 21.

Use the difference in column 3 to determine your tax

correction.

13. Tier I Employer Medicare Tax—Sick Pay

If you are correcting the sick pay for the Tier I Employer

Column 3 (difference)

-2,000.00

Medicare tax you reported on line 8 of Form CT-1, enter the

Tax rate (3.9%)

x .039

total corrected amount in column 1. In column 2, enter the

Column 4 (tax

-78.00

amount you originally reported or as previously corrected. In

correction)

column 3, enter the difference between columns 1 and 2.

Be sure to explain the reasons for this correction on line 21.

line 13 (column 1)

12a and 12b. Tier I Employer Tax—Sick Pay

-line 13 (column 2)

line 13 (column 3)

If the amount in column 2 is larger than

the amount in column 1, use a minus

12a. Correcting Tier I Employer tax—sick pay

If you are correcting the sick pay for the Tier I Employer tax you

reported on line 7a of the 2010 Form CT-1 (or line 7 of Forms

Multiply the amount in column 3 by .0145 (1.45% tax rate)

CT-1 for other years), enter the total corrected amount in

and enter that result in column 4.

column 1. In column 2, enter the amount you originally reported

or as previously corrected. In column 3, enter the difference

line 13 (column 3)

between columns 1 and 2.

x .0145

line 13 (column 4)

If the amount in column 3 used a minus sign,

line 12a (column 1)

also use a minus sign in column 4.

-line 12a (column 2)

Be sure to explain the reasons for this correction on line 21.

line 12a (column 3)

If the amount in column 2 is larger than

the amount in column 1, use a minus

14. Tier I Employee Tax—Sick Pay

If you are correcting the sick pay for the Tier I Employee tax you

reported on line 9 of Form CT-1, enter the total corrected

Multiply the amount in column 3 by .062 (6.2% tax rate) and

amount in column 1. In column 2, enter the amount you

enter that result in column 4.

originally reported or as previously corrected. In column 3, enter

the difference between columns 1 and 2.

line 12a (column 3)

x .062

line 14 (column 1)

line 12a (column 4)

If the amount in column 3 used a minus sign,

-line 14 (column 2)

also use a minus sign in column 4.

line 14 (column 3)

If the amount in column 2 is larger than

the amount in column 1, use a minus

Example — Tier I Employer sick pay increased. You

reported $8,000 as Tier I Employer sick pay in computing the

tax on line 7 of your 2011 Form CT-1. In December of 2012,

Multiply the amount in column 3 by .042 (4.2% tax rate) for

you discovered that you overlooked $1,000 in sick pay for one

corrections to 2011 Form CT-1 (or by .062 (6.2% tax rate) for

of your employees. To correct the error, figure the difference on

corrections to Form CT-1 for other years) and enter that result

Form CT-1 X as shown.

in column 4.

Column 1 (corrected amount)

9,000.00

line 14 (column 3)

Column 2 (from line 7 of Form CT-1)

- 8,000.00

x .062**

Column 3 (difference)

1,000.00

line 14 (column 4)

If the amount in column 3 used a minus sign,

also use a minus sign in column 4.

Use the difference in column 3 to determine your tax

** .042 for 2011 (or .062 for other years)

correction.

Be sure to explain the reasons for this correction on line 21.

-7-

Instructions for Form CT-1 X (2012)

Instructions For Form Ct-1 X - Adjusted Employer'S Annual Railroad Retirement Tax Return Or Claim For Refund Page 8

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