Form Mo-1041 - Fiduciary Income Tax Return - 2014 Page 10

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2014 TAX CHART
If Missouri taxable income from Form MO-1041, Line 13, is less than $9,000, use the chart to figure tax;
if more than $9,000, use worksheet below or use the online tax calculator at
If the Missouri taxable income is:
The tax is:
$0 to $99 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0
At least $100 but not over $1,000 . . . . . . . . . . . . . . . . . . . 1½% of the Missouri taxable income
Over $1,000 but not over $2,000 . . . . . . . . . . . . . . . . . . . $15 plus 2% of excess over $1,000
Over $2,000 but not over $3,000 . . . . . . . . . . . . . . . . . . . $35 plus 2½% of excess over $2,000
Over $3,000 but not over $4,000 . . . . . . . . . . . . . . . . . . . $60 plus 3% of excess over $3,000
Over $4,000 but not over $5,000 . . . . . . . . . . . . . . . . . . . $90 plus 3½% of excess over $4,000
Over $5,000 but not over $6,000 . . . . . . . . . . . . . . . . . . . $125 plus 4% of excess over $5,000
Over $6,000 but not over $7,000 . . . . . . . . . . . . . . . . . . . $165 plus 4½% of excess over $6,000
Over $7,000 but not over $8,000 . . . . . . . . . . . . . . . . . . . $210 plus 5% of excess over $7,000
Over $8,000 but not over $9,000 . . . . . . . . . . . . . . . . . . . $260 plus 5½% of excess over $8,000
Over $9,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $315 plus 6% of excess over $9,000
Yourself
Spouse
Example
If more than $9,000,
$ _______________
$ _______________
tax is $315 PLUS 6% of
Missouri taxable income (Line 24) .......
$ 12,000
excess over $9,000.
Subtract $9,000 ................................
– $
9,000
– $
9,000
– $ 9,000
Round to nearest whole
Difference .........................................
= $ _______________
= $ _______________
= $ 3,000
dollar and enter on Form
Multiply by 6%...................................
x
6%
x
6%
x
6%
MO-1041, Line 14.
= $ _______________
= $ _______________
Tax on income over $9,000
= $
180
Add $315 (tax on first $9,000) ..........
+ $
315
+ $
315
+ $
315
TOTAL MISSOURI TAX ...................
= $ _______________
= $ _______________
= $
495
A separate tax must be computed for you and your spouse.
Form MO-1041 Instructions (Revised 12-2014)
10

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