Worksheet For The New Jobs Tax Credit - 2000 Page 4
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5Business Tax ID No.
Certificate No.
___________________
____________
EXAMPLE 1 - NEW ESTABLISHED / RELOCATED BUSINESS
NAME OF
JOB TITLE/
JOB
START
W-2
PAYROLL INFORMATION FOR THE YEAR
EMPLOYEE
DESCRIPTION
ID NO.
DATE
WAGES
2000
1999
1998
1997
1996
1995
1994
1993
A
President
1
1/10/00
$
120,000
$
120,000
B
Bus. Manager
2
2/15/00
96,000
96,000
C
Clerk
3
3/1/00
36,000
36,000
D
Typist
4
6/1/00
24,000
24,000
E
Computer Analyst
5
7/1/00
80,000
80,000
Total payroll
$
356,000
$
356,000
NA
NA
NA
NA
NA
NA
NA
Tax rate
.015
.015
.015
.015
.015
.015
.015
.015
Computed tax
$
5,340
-
-
-
-
-
-
-
Aplicable base year limitation - does not apply.
-
The business was established in San Francisco and started operating in 2000. During the year, five jobs were created
and filed up. These jobs are permanent (will last for at least two years). The total payroll of $356,000 is eligible for the full
(100%) tax credit (first 24 months). The base year limitation does not apply so the computed payroll tax of $5,340 can be claimed
as tax credit for 2000.
The same rule applies to a business established in San Diego in say 1997 (before 2000) and moved to San Francisco with the
same five jobs (and employees) any time in 2000.
2000JC1
8
Rev. 1-12-01
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