Publication 517 - Social Security And Other Information For Members Of The Clergy And Religious Workers - 2011 Page 13
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30Line 10.
He deducts $5,572 of home mort-
Line 4. He multiplies $43,744 by 92.35%
Line 40.
He enters the total itemized deduc-
gage interest paid in 2011 (reported on Form
(.9235) to get his net earnings from
tions from Schedule A, line 29.
1098, Mortgage Interest Statement (not
self-employment ($40,398).
shown)).
Line 51.
The Whites can take the child tax
Line 5. The amount on line 4 is less than
Line 16.
Rev. and Mrs. White contributed
credit for their daughter, Jennifer. Rev. White
$106,800, so Rev. White multiplies the amount
$4,800 in cash during the year to various qualify-
figures the credit by completing the Child Tax
on line 4 ($40,398) by 13.3% (.133) to get his
ing charities. Each individual contribution was
Credit Worksheet (not shown) in the Instructions
self-employment tax of $5,373. He enters that
less than $250 and they have the required rec-
for Form 1040. He enters $1,000 credit on line
amount here and on Form 1040, line 56.
ords for all donations.
51.
Line 21.
Rev. White enters his unreimbursed
Line 6. Rev. White multiplies the amount on
Line 56.
He enters the self-employment tax
employee business expenses from Form
line 5 by 57.51% (.5751) to get his deduction for
2106-EZ, line 6.
from Schedule SE, line 5.
t h e
e m p l o y e r - e q u i v a l e n t
p o r t i o n
o f
Lines 25, 26, and 27.
He can deduct only the
self-employment tax of $3,090. He enters that
Line 62.
He enters the federal income tax
part of his employee business expenses that
amount here and on Form 1040, line 27.
exceeds 2% of his adjusted gross income. After
withheld, as shown in box 2 of his Form W-2
from the college.
he completes page 1 of Form 1040, he fills out
Form 1040
these lines to figure the amount he can deduct.
After Rev. White prepares Form 2106-EZ and
Line 63.
He enters the $7,000 estimated tax
Line 29.
The total of all the Whites’ itemized
the other schedules, he fills out Form 1040. He
deductions is $12,781, which he enters here and
payments he made for the year.
files a joint return with his wife. First, he fills out
on Form 1040, line 40.
the address area and completes the appropriate
Line 75. He wants to have any overpayment of
Schedule SE (Form 1040)
lines for his filing status and exemptions. Then,
tax applied to his 2012 estimated tax.
he fills out the rest of the form as follows.
After Rev. White prepares Schedule C-EZ and
Attachment 1
Line 7.
Form 2106-EZ, he fills out
Schedule SE (Form
Rev. White reports $34,640. This
1040). He reads the chart on page 1 of the
amount is the total of his $31,000 church salary,
Attachment 1
(Worksheets 1, 2, and 3) shows
schedule and determines that he can use Sec-
$3,400 college salary, and $240 ($1,200 -
the computation of expenses that are nonde-
tion A — Short Schedule SE to figure his
$960), his excess utility allowance. The two sal-
ductible because they are allocable to tax-free
self-employment tax. Rev. White is a minister,
aries were reported to him in box 1 of the Forms
ministerial income and the allowance deduc-
so his salary from the church is not considered
W-2 he received.
tions.
church employee income. Thus, he does not
have to use Section B — Long Schedule SE. He
Line 12.
Attachment 2
He reports his net profit of $3,732
fills out the following lines in Section A.
from Schedule C-EZ, line 3.
Line 2.
Rev. White attaches a statement (see
Attachment 2
(Worksheet 4) shows the compu-
Line 27.
Attachment
2, Worksheet 4, later) that explains
He enters $3,090, the deductible part
tation of net self-employment income.
how he figures the amount ($43,744) to enter.
of his SE tax from Schedule SE, line 6.
Publication 517 (2011)
Page 13
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