Publication 505 - Tax Withholding And Estimated Tax Page 31
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49Filled-in 2002 Annualized Estimated Tax Worksheet for Example 2.10
Section A (For Figuring Your Annualized Estimated Tax Payments)—Complete each column after end of period shown.
Estates and trusts: Use the following ending dates in each
1/1/01 to
1/1/01 to
1/1/01 to
1/1/01 to
column—2/28, 4/30, 7/31, 11/30.
3/31/01
5/31/01
8/31/01
12/31/01
1
Adjusted gross income for each period. (Caution: See
11,100
19,918
39,959
73,296
instructions.) Self-employed: Complete Section B first.
1
2
Annualization amounts. (Estates and trusts, do not use
the amounts shown to right. Instead, use 6, 3,
1.71429, and 1.09091.)
2
4
2.4
1.5
1
3
Annualized income. Multiply line 1 by line 2.
3
44,400
47,803
59,939
73,296
4
Itemized deductions for period. If you do not expect to
itemize, skip to line 7 and enter zero. (Estates and
4
1,200
2,700
6,400
8,300
trusts, enter -0-, skip to line 9, and enter the amount
from line 3 on line 9.)
5
Annualization amounts.
5
4
2.4
1.5
1
6
Multiply line 4 by line 5. (Caution: See instructions and
4,800
6,480
9,600
8,300
Worksheet 2.7.)
6
7
Standard deduction from 2002 tables.
7
7,850
7,850
7,850
7,850
7,850
7,850
9,600
8,300
8
Enter the larger of line 6 or line 7.
8
9
Subtract line 8 from line 3.
9
36,550
39,953
50,339
64,996
10
Multiply $3,000 by your total expected exemptions.
6,000
6,000
6,000
6,000
(Caution: See instructions and Worksheet 2.8.)
10
30,550
33,953
44,339
58,996
11
Subtract line 10 from line 9.
11
12
Tax on the amount on line 11 from the 2002 Tax Rate
Schedules. (Caution: See instructions and Worksheet
3,983
4,493
6,051
9,725
2.9.)
12
1,695
2,035
3,359
5,440
13
Self-employment tax from line 35a of Section B.
13
14
Other taxes for each payment period.
14
5,678
6,528
9,410
15,165
15
Add lines 12, 13, and 14.
15
16
Credits for each period.
16
17
Total tax. Subtract line 16 from line 15. (If less than
5,678
6,528
9,410
15,165
zero, enter zero.)
17
18
Applicable percentage.
18
22.5%
45%
67.5%
90%
19
Multiply line 17 by line 18.
19
1,278
2,938
6,352
13,649
20
Add amounts on line 25a of all preceding columns.
20
1,278
2,938
6,352
21
Annualized income installment. Subtract line 20 from
line 19. (If less than zero, enter zero.)
21
1,278
1,660
3,414
7,297
22
Divide line 14c of the Form 1040-ES Estimated Tax
3,412
3,412
3,412
3,412
Worksheet by 4.
22
23
Subtract line 25a of preceding column from line 24 of
2,134
3,886
3,884
preceding column.
23
24
Add lines 22 and 23.
24
3,412
5,546
7,298
7,296
25a
Enter the smaller of line 21 or line 24. (Caution: See
1,278
1,660
3,414
7,296
instructions.)
25a
b Total required payments for the period. Add lines 20
1,278
2,938
6,352
13,648
and 25a.
25b
c Estimated tax payments made (line 25d of all previous
columns) and tax withholding through the due date for
1,449
2,898
4,386
7,801
the period.
25c
d Estimated tax payment required by the next due date.
Subtract line 25c from line 25b and enter the result (but
-0-
40
1,966
5,847
not less than zero) here and on your payment-voucher. 25d
Chapter 2 Estimated Tax for 2002
Page 31
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