Worksheet For The New Jobs Tax Credit - 2000 Page 2
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2
3
4
5Business Tax ID No.
Certificate No.
___________________
____________
YEAR 2000
BUSINESS RECEIPTS AND PAYROLL TAX
WORKSHEET FOR THE NEW JOBS TAX CREDIT
FOR BUSINESSES CLAIMING FIRST YEAR CREDIT ONLY
READ INSTRUCTIONS BEFORE COMPLETING THIS WORKSHEET
A
B
C
D
E
NAME OF
JOB TITLE/
JOB ID
START
W-2
EMPLOYEE
DESCRIPTION
NUMBER
DATE
WAGES
1
Mr. A
President
1
1/10/00
$
120,000.00
2
Mr. B
Business Manager
2
2/15/00
96,000.00
3
Mr. C
Clerk
3
3/1/00
36,000.00
4
Mr. D
Typist
4
6/1/00
24,000.00
5
Mr. E
Computer Analyst
5
7/1/00
80,000.00
6
7
8
9
EXAMPLE 1 - NEWLY ESTABLISHED/RELOCATED BUSINESS
10
11
12
13
14
15
16
Total this sheet
$
356,000.00
17
Enter total from additional sheet/s
.00
18
Total eligible wages
$
356,000.00
19
Payroll tax rate
.015
20
Available tax credit - multiply line 18 by .015
$
5,340.00
21
Enter computed payroll tax from line 8 of your 2000 long form
5,340.00
22
Base year limitation
.00
23
Credit limitation - deduct line 22 from 21 - if result is negative, enter zero
$
5,340.00
24
Tax credit for 2000 - enter lower of line 20 and line 23
$
5,340.00
2000JC1
7
Rev. 1-12-01
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