California Form 3553 - Enterprise Zone Employee Credit - 2013 Page 5

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Examples
Example 1: John Smith worked for the ABC Company in Fresno (located in an area designated as an enterprise zone) during 2013 and earned wages of $12,600.
John also paid alimony of $3,000 during the year. John figured his California AGI using Form 540. California AGI is $9,600 (wages of $12,600 less alimony paid
of $3,000). John is single.
John has met all the requirements to qualify for the credit and is now ready to figure the credit.
The sample form FTB 3553 shows how John figured his credit. The amount of credit John can claim on Form 540 may be limited further. He should also refer to
the credit instructions in the 540 Personal Income Tax Booklet for more information on additional credit limitations.
EXAMPLE 1
TAXABLE YEAR
CALIFORNIA FORM
2013
Enterprise Zone Employee Credit
3553
Attach to your California tax return.
Name(s) as shown on return
SSN or ITIN
J
O
H
N
S
M
I
T H
Step 1: Complete the Enterprise Zone Employee Credit Qualification Checklist on page 4 of the instructions to see if you qualify to claim
this credit.
Step 2: Complete the form below to figure your available credit.
1 Enter the total amount of wages you earned working in an enterprise zone. Do not enter more than $10,500. . . . . . . . . . . . . . .
1 _________________
10,500
00
2 If you file a joint return, enter the total amount of wages your spouse/RDP earned working in an enterprise zone. Do not enter
more than $10,500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 _________________
00
3 Add line 1 and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 _________________
10,500
00
4 Multiply the amount on line 3 by 5% (.05) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 _________________
525
00
5 Enter the amount from Form 540 or Long Form 540NR, line 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 _________________
9,600
00
6 If the amount on line 5 is any of the following:
• Equal to or less than the amount on line 3, enter -0- here and skip to line 10.
• More than the amount on line 3, enter the amount from line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 _________________
0
00
7 Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 _________________
00
8 Multiply line 7 by 9% (.09) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 _________________
00
9 Subtract line 8 from line 4. If the result is zero or less, STOP. You do not qualify for this credit . . . . . . . . . . . . . . . . . . . . . . . . .
9 _________________
00
10 Enter the total amount of enterprise zone wages. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 _________________
12,600
00
11 Enter the total amount of employee business expenses that you paid relating to your work in the enterprise zone.
See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 _________________
0
00
12 Net enterprise zone wage income. Subtract line 11 from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 _________________
12,600
00
13 Enter the amount of tax for the amount on line 12. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 _________________
176
00
14 Total available enterprise zone employee credit. Enter the smaller of line 9 or line 13. If you entered zero -0- on line 6
and skipped to line 10, enter the smaller of line 4 or line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14 _________________
176
00
Your credit may be limited. See the instructions for line 14.
Example 2: Bill and Maria Jones worked for the ABC Company in Fresno (located in an area designated as an enterprise zone) during 2013. Bill earned wages of
$13,860 and Maria earned wages of $9,340. They had no other taxable income or expenses for the year. Bill and Maria are married or in a registered domestic
partnership and file a joint return. They have figured their California AGI using Form 540. California AGI is $23,200 (Bill’s wages of $13,860 plus Maria’s wages of
$9,340).
Bill and Maria have met all the requirements to qualify for the credit and are now ready to figure the credit.
The sample form FTB 3553 below shows how Bill and Maria figured their credit. The amount of the credit Bill and Maria can claim on Form 540 may be limited
further. They should also refer to the credit instructions in the 540 Personal Income Tax Booklet for more information on additional credit limitations.
EXAMPLE 2
TAXABLE YEAR
CALIFORNIA FORM
2013
Enterprise Zone Employee Credit
3553
Attach to your California tax return.
Name(s) as shown on return
SSN or ITIN
B
I
L
L
&
M
A
R
I
A
J
O
N
E
S
Step 1: Complete the Enterprise Zone Employee Credit Qualification Checklist on page 4 of the instructions to see if you qualify to claim
this credit.
Step 2: Complete the form below to figure your available credit.
1 Enter the total amount of wages you earned working in an enterprise zone. Do not enter more than $10,500. . . . . . . . . . . . . . .
1 _________________
10,500
00
2 If you file a joint return, enter the total amount of wages your spouse/RDP earned working in an enterprise zone. Do not enter
more than $10,500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 _________________
9,340
00
3 Add line 1 and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 _________________
19,840
00
4 Multiply the amount on line 3 by 5% (.05) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 _________________
992
00
5 Enter the amount from Form 540 or Long Form 540NR, line 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 _________________
23,200
00
6 If the amount on line 5 is any of the following:
• Equal to or less than the amount on line 3, enter -0- here and skip to line 10.
• More than the amount on line 3, enter the amount from line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 _________________
19,840
00
7 Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 _________________
3,360
00
8 Multiply line 7 by 9% (.09) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 _________________
302
00
9 Subtract line 8 from line 4. If the result is zero or less, STOP. You do not qualify for this credit . . . . . . . . . . . . . . . . . . . . . . . . .
9 _________________
690
00
10 Enter the total amount of enterprise zone wages. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 _________________
23,200
00
11 Enter the total amount of employee business expenses that you paid relating to your work in the enterprise zone.
See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 _________________
0
00
12 Net enterprise zone wage income. Subtract line 11 from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 _________________
23,200
00
13 Enter the amount of tax for the amount on line 12. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 _________________
312
00
14 Total available enterprise zone employee credit. Enter the smaller of line 9 or line 13. If you entered zero -0- on line 6
and skipped to line 10, enter the smaller of line 4 or line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 _________________
312
00
Your credit may be limited. See the instructions for line 14.
FTB 3553 Instructions 2013 Page 5

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