Form Il-2210 - Computation Of Penalties For Individuals - 2011 Page 4
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4Step 6: Complete the annualization worksheet for Step 2, Line 9b
Complete this worksheet only if your income was not received evenly throughout the year and you choose to annualize your
income. Complete Lines 37 through 53 of one column before going to the next, beginning with Column A.
A
B
C
D
First 3 months
First 5 months
First 8 months
All 12 months
37
Write your Illinois base income
3 7
for each period. See instructions.
4
2.4
1.5
1
38
38
Annualization factors.
3 9
Multiply Line 37 by Line 38.
39
This is your annualized income.
4 0
40
Exemptions. See instructions.
4 1
Subtract Line 40 from Line 39.
41
This is your Illinois net income.
42
42
Multiply Line 41 by 5% (.05).
43
For each period, write the
amount you wrote on
43
Step 2, Line 2, Column A.
4 4
44
Subtract Line 43 from Line 42.
22.5% (.225)
45% (.450)
67.5% (.675)
90% (.900)
4 5
45
Applicable percentage.
4 6
Multiply Line 44 by Line 45.
This is your annualized
46
installment.
4 7
Add the amounts on Line 53 of
each of the preceding columns
47
Skip this line for Column A.
and write the total here.
4 8
Subtract Line 47 from Line 46.
48
If less than zero, write “0.”
49
Write the amount you would
have entered in Step 2, Line 9b,
49
if you were not annualizing.
5 0
Write the amount from Line 52
50
Skip this line for Column A.
of the preceding column.
5 1
51
Add Lines 49 and 50.
5 2
If Line 51 is greater than
Line 48, subtract Line 48 from
52
Skip this line for Column D.
Line 51. Otherwise, write “0.”
5 3
Write the lesser of Line 48 or
Line 51 here and on Step 2,
Line 9b. This is your required
53
installment.
Print
Reset
*161704110*
Page 4 of 4
IL-2210 (R-12/11)
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