State of Oklahoma
Annualized Income Installment Method
2
OW-8-P-SUP-I
0
for Individuals
1
4
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
(Part-year and nonresidents see the “Note” on page 2)
1/1 - 5/31
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