Publication 505 - Tax Withholding And Estimated Tax Page 31

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Filled-in 2003 Annualized Estimated Tax Worksheet for Example 2.10 (continued)
Section B (For Figuring Your Annualized Estimated Self-Employment Tax)—Complete each column after end of period shown.
1/1/03 to
1/1/03 to
1/1/03 to
1/1/03 to
3/31/03
5/31/03
8/31/03
12/31/03
2,771
5,541
14,637
35,555
26
Net earnings from self-employment for the period
26
$21,750
$36,250
$58,000
$87,000
27
Prorated social security tax limit
27
28
Enter actual wages for the period subject to social
security tax or the 6.2% portion of the 7.65% railroad
0
0
0
0
retirement (tier 1) tax
28
21,750
36,250
58,000
87,000
29
Subtract line 28 from line 27. If zero or less, enter -0-
29
30
Annualization amounts
30
0.496
0.2976
0.186
0.124
1,374
1,649
2,722
4,409
31
Multiply line 30 by the smaller of line 26 or line 29
31
32
Annualization amounts
0.116
0.0696
0.0435
0.029
32
321
386
637
1,031
33
Multiply line 26 by line 32
33
34a Add lines 31 and 33. Enter the result here and on
1,695
2,035
3,359
5,440
line 13 of Section A
34a
b Annualization amounts
34b
8
4.8
3
2
c Deduction for one-half of self-employment tax. Divide
line 34a by 34b. Enter the result here. Also use this
212
424
1,120
2,720
result to figure your adjusted gross income on line 1.
34c
2003 Tax Rate Schedules
Caution: Do not use these Tax Rate Schedules to figure your 2002 taxes. Use only to figure your 2003 estimated taxes.
Single—Schedule X
Head of household—Schedule Z
If line 5 is:
The tax is:
of the
If line 5 is:
The tax is:
of the
amount
amount
But not
But not
over—
over—
Over—
over—
Over—
over—
$0
$6,000
10%
$0
$0
$10,000
10%
$0
6,000
28,400
$600.00 + 15%
6,000
10,000
38,050
$1,000.00 + 15%
10,000
28,400
68,800
3,960.00 + 27%
28,400
38,050
98,250
5,207.50 + 27%
38,050
68,800
143,500
14,868.00 + 30%
68,800
98,250
159,100
21,461.50 + 30%
98,250
143,500
311,950
37,278.00 + 35%
143,500
159,100
311,950
39,716.50 + 35%
159,100
311,950
96,235.50 + 38.6%
311,950
311,950
93,214.00 + 38.6%
311,950
Married filing jointly or Qualifying
Married filing separately—
widow(er)—Schedule Y-1
Schedule Y-2
If line 5 is:
The tax is:
of the
If line 5 is:
The tax is:
of the
amount
amount
But not
But not
over—
over—
Over—
over—
Over—
over—
$0
$12,000
10%
$0
$0
$6,000
10%
$0
12,000
47,450
$1,200.00 + 15%
12,000
6,000
23,725
$600.00 + 15%
6,000
47,450
114,650
6,517.50 + 27%
47,450
23,725
57,325
3,258.75 + 27%
23,725
114,650
174,700
24,661.50 + 30%
114,650
57,325
87,350
12,330.75 + 30%
57,325
174,700
311,950
42,676.50 + 35%
174,700
87,350
155,975
21,338.25 + 35%
87,350
311,950
90,714.00 + 38.6%
311,950
155,975
45,357.00 + 38.6%
155,975
Chapter 2 Estimated Tax for 2003
Page 31

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