Form N-1 - Declaration Of Estimated Income Tax For Individuals

PAGE 4

______________________________ 2016 Tax Rate Schedules ______________________________

Schedule I

SINGLE individuals and MARRIED individuals filing separate returns

If the taxable income is:

The tax shall be:

Not over $2,400 ............................................................................... 1.40% of taxable income

Over $2,400 but not over $4,800 ..................................................... $34.00 plus 3.20% of excess over $2,400

Over $4,800 but not over $9,600 ..................................................... $110.00 plus 5.50% of excess over $4,800

Over $9,600 but not over $14,400 ................................................... $374.00 plus 6.40% of excess over $9,600

Over $14,400 but not over $19,200 ................................................. $682.00 plus 6.80% of excess over $14,400

Over $19,200 but not over $24,000 ................................................. $1,008.00 plus 7.20% of excess over $19,200

Over $24,000 but not over $36,000 ................................................. $1,354.00 plus 7.60% of excess over $24,000

Over $36,000 but not over $48,000 ................................................. $2,266.00 plus 7.90% of excess over $36,000

Over $48,000 .................................................................................. $3,214.00 plus 8.25% of excess over $48,000

Schedule II

MARRIED individuals filing joint returns and

CERTAIN WIDOWS AND WIDOWERS

If the taxable income is:

The tax shall be:

Not over $4,800 ............................................................................... 1.40% of taxable income

Over $4,800 but not over $9,600 ..................................................... $67.00 plus 3.20% of excess over $4,800

Over $9,600 but not over $19,200 ................................................... $221.00 plus 5.50% of excess over $9,600

Over $19,200 but not over $28,800 ................................................. $749.00 plus 6.40% of excess over $19,200

Over $28,800 but not over $38,400 ................................................. $1,363.00 plus 6.80% of excess over $28,800

Over $38,400 but not over $48,000 ................................................. $2,016.00 plus 7.20% of excess over $38,400

Over $48,000 but not over $72,000 ................................................. $2,707.00 plus 7.60% of excess over $48,000

Over $72,000 but not over $96,000 ................................................. $4,531.00 plus 7.90% of excess over $72,000

Over $96,000 .................................................................................. $6,427.00 plus 8.25% of excess over $96,000

Schedule III

HEAD OF HOUSEHOLD

If the taxable income is:

The tax shall be:

Not over $3,600 ............................................................................... 1.40% of taxable income

Over $3,600 but not over $7,200 ..................................................... $50.00 plus 3.20% of excess over $3,600

Over $7,200 but not over $14,400 ................................................... $166.00 plus 5.50% of excess over $7,200

Over $14,400 but not over $21,600 ................................................. $562.00 plus 6.40% of excess over $14,400

Over $21,600 but not over $28,800 ................................................. $1,022.00 plus 6.80% of excess over $21,600

Over $28,800 but not over $36,000 ................................................. $1,512.00 plus 7.20% of excess over $28,800

Over $36,000 but not over $54,000 ................................................. $2,030.00 plus 7.60% of excess over $36,000

Over $54,000 but not over $72,000 ................................................. $3,398.00 plus 7.90% of excess over $54,000

Over $72,000 .................................................................................. $4,820.00 plus 8.25% of excess over $72,000

Form N-1 - Declaration Of Estimated Income Tax For Individuals - 2016 Page 4