Publication 505 - Tax Withholding And Estimated Tax Page 32

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Filled-in 2002 Annualized Estimated Tax Worksheet for Example 2.10 (continued)
Section B (For Figuring Your Annualized Estimated Self-Employment Tax)—Complete each column after end of period shown.
1/1/02 to
1/1/02 to
1/1/02 to
1/1/02 to
3/31/02
5/31/02
8/31/02
12/31/02
2,771
5,541
14,637
35,555
27
Net earnings from self-employment for the period
27
$21,225
$35,375
$56,600
$84,900
28
Prorated social security tax limit
28
29
Enter actual wages for the period subject to social
security tax or the 6.2% portion of the 7.65% railroad
0
0
0
0
retirement (tier 1) tax
29
21,225
35,375
56,600
84,900
30
Subtract line 29 from line 28. If zero or less, enter -0-
30
31
Annualization amounts
31
0.496
0.2976
0.186
0.124
1,374
1,649
2,722
4,409
32
Multiply line 31 by the smaller of line 27 or line 30
32
33
Annualization amounts
0.116
0.0696
0.0435
0.029
33
321
386
637
1,031
34
Multiply line 27 by line 33
34
35a Add lines 32 and 34. Enter the result here and on
1,695
2,035
3,359
5,440
line 13 of Section A
35a
b Annualization amounts
35b
8
4.8
3
2
c Deduction for one-half of self-employment tax. Divide
line 35a by 35b. Enter the result here. Also use this
212
424
1,120
2,720
result to figure your adjusted gross income on line 1.
35c
2002 Tax Rate Schedules
Caution: Do not use these Tax Rate Schedules to figure your 2001 taxes. Use only to figure your 2002 estimated taxes.
Single—Schedule X
Head of household—Schedule Z
If line 5 is:
The tax is:
of the
If line 5 is:
The tax is:
of the
amount
amount
But not
But not
over—
over—
Over—
over—
Over—
over—
$0
$6,000
10%
$0
$0
$10,000
10%
$0
6,000
27,950
$600.00 + 15%
6.000
10,000
37,450
$1,000.00 + 15%
10,000
27,950
67,700
3,892.50 + 27%
27,950
37,450
96,700
5,117.50 + 27%
37,450
67,700
141,250
14,625.00 + 30%
67,700
96,700
156,600
21,115.00 + 30%
96,700
141,250
307,050
36,690.00 + 35%
141,250
156,600
307,050
39,085.00 + 35%
156,600
307,050
94,720.00 + 38.6%
307,050
307,050
91,742.50 + 38.6%
307,050
Married filing jointly or Qualifying
Married filing separately—
widow(er)—Schedule Y-1
Schedule Y-2
If line 5 is:
The tax is:
of the
If line 5 is:
The tax is:
of the
amount
amount
But not
But not
over—
over—
Over—
over—
Over—
over—
$0
$12,000
10%
$0
$0
$6,000
10%
$0
12,000
46,700
$1,200.00 + 15%
12,000
6,000
23,350
$600.00 + 15%
6,000
46,700
112,850
6,405.00 + 27%
46,700
23,350
56,425
3,202.50 + 27%
23,350
112,850
171,950
24,265.50 + 30%
112,850
56,425
85,975
12,132.75 + 30%
56,425
171,950
307,050
41,995.50 + 35%
171,950
85,975
153,525
20,997.75 + 35%
85,975
307,050
89,280.50 + 38.6%
307,050
153,525
44,640.25 + 38.6%
153,525
Page 32
Chapter 2 Estimated Tax for 2002

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