Worksheet For The New Jobs Tax Credit - 2000 Page 3
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1
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
Vice President
6
5/10/00
$
46,000.00
2
Mrs. B
Assistant Manager
7
5/12/00
37,000.00
3
Mr. C
Clerk
8
5/12/00
15,000.00
4
Mr. D
Typist
9
8/15/00
9,000.00
5
Mr. E
Clerk
10
9/1/00
7,000.00
6
7
8
EXAMPLE
2 - EXISTING BUSINESS
9
10
11
12
13
14
15
16
Total this sheet
$
114,000.00
17
Enter total from additional sheet/s
0.00
18
Total eligible wages
$
114,000.00
19
Payroll tax rate
.015
20
Available tax credit - multiply line 18 by .015
$
1,710.00
21
Enter computed payroll tax from line 8 of your 2000 long form
4,800.00
22
Base year limitation
2,100.00
23
Credit limitation - deduct line 22 from 21 - If result is negative, enter zero
2,700.00
24
Tax credit for 2000 - enter lower of line 20 and line 23
$
1,710.00
2000JC1
9
Rev. 1-12-01
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