Publication 505 - Tax Withholding And Estimated Tax Page 46

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3
Form 2210 (2001)
Page
Schedule AI—Annualized Income Installment Method (See pages 5 and 6 of the instructions.)
Example 4.7
Estates and trusts, do not use the period ending dates shown to the right.
(a)
(b)
(c)
(d)
1/1/01–3/31/01
1/1/01–5/31/01
1/1/01–8/31/01
1/1/01–12/31/01
Instead, use the following: 2/28/01, 4/30/01, 7/31/01, and 11/30/01.
Part I
Annualized Income Installments
1
Enter your adjusted gross income for each period (see instructions).
(Estates and trusts, enter your taxable income without your
5,250
13,025
21,993
36,427
1
exemption for each period.)
2
4
2.4
1.5
1
2
Annualization amounts. (Estates and trusts, see instructions.)
21,000
31,260
32,990
36,427
3
3
Annualized income. Multiply line 1 by line 2
4
Enter your itemized deductions for the period shown in each column.
If you do not itemize, enter -0- and skip to line 7. (Estates and trusts,
1,500
2,500
4,000
6,000
4
enter -0-, skip to line 9, and enter the amount from line 3 on line 9.)
5
4
2.4
1.5
1
5
Annualization amounts
6,000
6,000
6,000
6,000
6
6
Multiply line 4 by line 5 (see instructions if line 3 is more than $66,475)
7
In each column, enter the full amount of your standard deduction
from Form 1040, line 36, or Form 1040A, line 22 (Form 1040NR or
1040NR-EZ filers, enter -0-. Exception: Indian students and
business apprentices, enter standard deduction from Form 1040NR,
4,550
4,550
4,550
4,550
7
line 35 or Form 1040NR-EZ, line 11.)
6,000
6,000
6,000
6,000
8
8
Enter the larger of line 6 or line 7
15,000
25,260
26,990
30,427
9
9
Subtract line 8 from line 3
10
In each column, multiply $2,900 by the total number of exemptions
claimed (see instructions if line 3 is more than $99,725). (Estates
and trusts and Form 1040NR or 1040NR-EZ filers, enter the
2,900
2,900
2,900
2,900
10
exemption amount shown on your tax return.)
12,100
22,360
24,090
27,527
11
11
Subtract line 10 from line 9
1,819
3,356
3,611
4,188
12
12
Figure your tax on the amount on line 11 (see instructions)
13
Form 1040 filers only, complete Part II and enter your
1,560
1,822
2,346
13
self-employment tax from line 34 below
14
14
Enter other taxes for each payment period (see instructions)
1,819
4,916
5,433
6,534
15
15
Total tax. Add lines 12, 13, and 14
16
For each period, enter the same type of credits as allowed on Form
16
2210, lines 2, 5, 6, and 7 (see instructions)
1,819
4,916
5,433
6,534
17
17
Subtract line 16 from line 15. If zero or less, enter -0-
18
22.5%
45%
67.5%
90%
18
Applicable percentage
409
2,212
3,667
5,881
19
19
Multiply line 17 by line 18
Caution: Complete lines 20–25 of one column before going to the
next column.
409
2,212
3,667
20
20
Add the amounts in all previous columns of line 25
409
1,803
1,455
2,214
21
21
Subtract line 20 from line 19. If zero or less, enter -0-
1,529
1,529
1,529
1,529
22
22
Enter 25% (.25) of line 14 on page 1 of Form 2210 in each column
23
Subtract line 25 of the previous column from line 24 of the previous
1,120
846
920
23
column
1,529
2,649
2,375
2,449
24
24
Add lines 22 and 23 and enter the total
25
Enter the smaller of line 21 or line 24 here and on Form 2210,
409
1,803
1,455
2,214
line 22
25
Part II
Annualized Self-Employment Tax
4,248
7,942
15,330
26
26
Net earnings from self-employment for the period (see instructions)
27
$20,100 $33,500 $53,600 $80,400
27
Prorated social security tax limit
28
Enter actual wages for the period subject to social security tax or
8,750
14,000
21,000
28
the 6.2% portion of the 7.65% railroad retirement (tier 1) tax
24,750
39,600
59,400
29
29
Subtract line 28 from line 27. If zero or less, enter -0-
30
0.496
0.2976
0.186
0.124
30
Annualization amounts
31
1,264
1,477
1,901
31
Multiply line 30 by the smaller of line 26 or line 29
32
0.116
0.0696
0.0435
0.029
32
Annualization amounts
296
345
445
33
33
Multiply line 26 by line 32
34
Add lines 31 and 33. Enter the result here and on line 13 above
1,560
1,822
2,346
34
2210
Form
(2001)
Page 46
Chapter 4 Underpayment Penalty for 2001

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