Form Sc Sch Tc-4sa - South Carolina Accelerated Small Business Jobs Credit Page 12
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14COMPUTATION OF JOBS QUALIFYING FOR THE CREDIT
0
75
83
LINE 1: TOTAL EMPLOYEES
LINE 2: DIVIDED BY: NUMBER OF
NA
9
12
MONTHS IN OPERATION
LINE 3: MONTHLY AVERAGE OF
NA
8
6
EMPLOYEES
NOTE: Round down to the next whole number.
LINE 4: LESS: PREVIOUS YEAR
AVERAGE
NA
8
(line 3 of previous column)
LINE 5: AVERAGE INCREASE IN
8
(2)
EMPLOYEES
LINE 6: YEAR 1 INCREASE
8
8
LINE 7: YEAR 2 INCREASE
(2)
LINE 8: YEAR 3 INCREASE
LINE 9: YEAR 4 INCREASE
LINE 10: YEAR 5 INCREASE
LINE 11: YEAR 6 INCREASE
LINE 12: JOBS QUALIFYING FOR CREDIT
(Add lines 6 through 11)
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STEP 2 – QUALIFYING FOR THE 100% CREDIT
PART A - DETERMINING THE 120% THRESHOLDS:
Prior year threshold:
32,338*
1. State’s per capita income at the end of the prior year (see STEP 2 instructions) . . . . . . 1. $
23,957**
2. County’s per capita income at the end of the prior year (see STEP 2 instructions) . . . .
2. $
3. Lesser of Line 1 or Line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. $
23,957
4. 120% threshold percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
X 4.
120%
28,748
5. Multiply Line 3 by Line 4. This is the 120% threshold (Round to nearest whole dollar). .
5. $
If gross wages, when annualized, were paid in the Prior Year at or above the amount on Line 5, include the job in the Prior Year
column below.
Tax year [Year 1] threshold:
TBD***
6. State's per capita income at the end of the tax year (see STEP 2 instructions) . . . . . . . . 6. $
7. County's per capita income at the end of the tax year (see STEP 2 instructions) . . . . . . 7. $
24,772****
8. Lesser of Line 6 or Line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. $
24,772
9. 120% threshold percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X 9.
120%
29,726
10. Multiply Line 8 by Line 9. This is the 120% threshold (Round to nearest whole dollar) . . 10. $
If gross wages, when annualized, were paid during the tax year at or above the amount on Line 10, include the job in appropriate
column below.
* from SC Information Letter #10-12
** from SC Information Letter #10-4
*** was $32,505 in SC Information Letter #11-8. State per capita income is determined twice a year.
**** from SC Information Letter #11-8
See General Instructions concerning per capita income.
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