Sc Sch Tc-4sb -Small Business Jobs Credit Page 13
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14STEP 2 – QUALIFYING FOR THE 100% CREDIT
PART A - DETERMINING THE 120% THRESHOLDS:
Base year threshold:
32,338*
1. State’s per capita income at the end of the base year (see STEP 2 instructions) . . . . . .
1. $
23,957**
2. County’s per capita income at the end of the base 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 Base Year at or above the amount on Line 5, include the job in the Base 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. $
TBD****
8. Lesser of Line 6 or Line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. $
TBD
9. 120% threshold percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X 9.
120%
TBD
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
*** Use the State per capita income from the last information letter published before the end of the tax year.
**** Use Dillon County per capita income from the last information letter published before the end of the tax year.
See General Instructions concerning per capita income.
STEP 2 (continued), PART B - COMPUTING JOBS OVER THE 120% THRESHOLDS:
FULL TIME EMPLOYEES OVER THE 120% THRESHOLD IN EACH MONTH (Enter 0.5 for each qualifying part time job)
BASE
YEAR
YEAR
YEAR
YEAR
YEAR
YEAR
YEAR
1
2
3
4
5
6
MONTH
4
5
January
1
February
4
5
2
March
4
5
3
April
2
4
5
4
May
2
5
5
5
June
2
5
5
6
July
3
5
5
7
August
3
5
5
8
September
3
5
5
9
October
3
5
5
10
4
5
5
November
11
December
4
5
5
12
9
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