California Form 3553 - Enterprise Zone Employee Credit - 2011

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TAXABLE YEAR

CALIFORNIA FORM

2011

3553

Enterprise Zone Employee Credit

Attach to your California tax return.

Name(s) as shown on tax return

SSN or ITIN

Step 1: Complete the Enterprise Zone Employee Credit Qualification Checklist on page 3 of the instructions to see if you qualify to claim

this credit.

Step 2: Complete the form below to figure your available credit.

1 Enter the total amount of wages you earned working in an enterprise zone. Do not enter more than $10,500 . . . . . . . . . . . . . 1

2 If you file a joint return, enter the total amount of wages your spouse/RDP earned working in an enterprise zone. Do not enter

more than $10,500. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Add line 1 and line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4 Multiply the amount on line 3 by 5% (.05). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5 Enter the amount from Form 540 or Long Form 540NR, line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

6 If the amount on line 5 is either of the following:

•

Equal to or less than the amount on line 3, enter -0- here and skip to line 10.

• More than the amount on line 3, enter the amount from line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

7 Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8 Multiply line 7 by 9% (.09). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

9 Subtract line 8 from line 4. If the result is zero or less, STOP. You do not qualify for this credit . . . . . . . . . . . . . . . . . . . . . . . . 9

10 Enter the total amount of enterprise zone wages. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

11 Enter the total amount of employee business expenses that you paid relating to your work in the enterprise zone.

See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

12 Net enterprise zone wage income. Subtract line 11 from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

13 Enter the amount of tax for the amount on line 12. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

14 Total available enterprise zone employee credit. Enter the smaller of line 9 or line 13. If you entered -0- on line 6

and skipped to line 10, enter the smaller of line 4 or line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Your credit may be limited. See the instructions for line 14.

FTB 3553 2011

7391113