Form Ow-8-P-Sup-I - Oklahoma Annualized Income Installment Method For Individuals - 2011

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State of Oklahoma
Annualized Income Installment Method
2
OW-8-P-SUP-I
0
for Individuals
1
1
Name as shown on return
Social Security Number
Enclose this form and Form OW-8-P with your return. Check the “annualized installment method” box on Form 511 or Form 511NR.
Individuals
Column A
Column C
Column D
Column B
1/1 - 3/31
1/1 - 8/31
1/1 - 12/31
1/1 - 5/31
(Part-year and nonresidents see the “Note” on page 2)
1. Enter your Oklahoma adjusted gross income
for each period ........................................................... 1
2. Annualization amounts . .............................................. 2
4
2.4
1.5
1
3. Annualized Oklahoma adjusted gross income
Multiply line 1 by line 2 . ............................................... 3
4. Enter your itemized deductions for the period
shown in each column. If you do not itemize
enter “0” and skip to line 7 .......................................... 4
5. Annualization amounts . ............................................... 5
4
2.4
1.5
1
6. Multiply line 4 by line 5 . ............................................... 6
7. In each column enter the full amount
of your Oklahoma Standard Deduction . ..................... 7
8. Enter the larger of line 6 or line 7
(Note: If line 6 is less
.............. 8
than the Federal Standard Deduction see instructions)
9. In each column multiply $1,000 by the total
number of exemptions claimed ................................... 9
10. Add lines 8 and 9. Note: If you have out-of-state
income see instructions ............................................ 10
11. Adjustments to Oklahoma Adjusted Gross Income . ...11
12. Taxable income.
Subtract line 10 and 11 from line 3............................ 12
13. Oklahoma Income Tax from Tax Table ...................... 13
14. Oklahoma credits (refundable & non-refundable) ..... 14
15. Subtract line 14 from line 13.
.... 15
If zero or less enter “0”
16. Applicable percentage .............................................. 16
17.5%
35%
52.5%
70%
17. Multiply line 15 by line 16 . ......................................... 17
18. Add amounts in all previous columns of line 24 . ....... 18
19. Annualized income installments. Subtract line 18
from line 17. If zero or less enter “0” ........................ 19
20. Enter 1/4 of line 8 from Section Two, Part 1
of Form OW-8-P in each column . .............................. 20
21. Enter the amount from line 23 of the previous
column ..................................................................... 21
22. Add lines 20 and 21 .................................................. 22
23. Subtract line 19 from line 22.
If zero or less enter “0” . ............................................ 23
24. Required installments. Enter the smaller of line 19
or line 22 here and in applicable column on
Form OW-8-P, Section Two, Part 2, line 9 ................ 24

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