Instructions For Form Ct-1 X (Rev. February 2015) Page 10
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1314. Tier 1 Employer Medicare Tax—Sick Pay
Column 1 (corrected amount)
7,000.00
If you are correcting the sick pay for the Tier 1 Employer
Column 2 (Form CT-1, line 7)
- 9,000.00
Medicare tax you reported on Form CT-1, line 9 (line 8 for
Column 3 (difference)
-2,000.00
years ending before January 1, 2013), enter the total
corrected amount in column 1. In column 2, enter the
amount you originally reported or as previously corrected.
Use the difference in column 3 to determine your tax
In column 3, enter the difference between columns 1 and
correction.
2.
Column 3 (difference)
-2,000.00
line 14 (column 1)
Tax rate (4.4%)
x .044
-line 14 (column 2)
Column 4 (tax correction)
-88.00
line 14 (column 3)
If the amount in column 2 is larger
than the amount in column 1, use a
Be sure to explain the reasons for this correction on
minus sign in column 3.
line 23.
13. Tier 1 Employer Tax—Sick Pay
Multiply the amount in column 3 by .0145 (1.45% tax
rate) and enter the result in column 4.
If you are correcting the sick pay for the Tier 1 Employer
tax you reported on Form CT-1, line 8 (line 7 for years
ending before January 1, 2013), enter the total corrected
line 14 (column 3)
amount in column 1. In column 2, enter the amount you
x .0145
originally reported or as previously corrected. In column 3,
line 14 (column 4)
If the amount in column 3 used a minus sign,
enter the difference between columns 1 and 2.
also use a minus sign in column 4.
line 13 (column 1)
Be sure to explain the reasons for this correction on
-line 13 (column 2)
line 23.
line 13 (column 3)
If the amount in column 2 is larger
than the amount in column 1, use a
15. Tier 1 Employee Tax—Sick Pay
minus sign in column 3.
If you are correcting the sick pay for the Tier 1 Employee
tax you reported on Form CT-1, line 10 (line 9 for years
Multiply the amount in column 3 by .062 (6.2% tax rate)
ending before January 1, 2013), enter the total corrected
and enter the result in column 4.
amount in column 1. In column 2, enter the amount you
originally reported or as previously corrected. In column 3,
enter the difference between columns 1 and 2.
line 13 (column 3)
x .062
line 15 (column 1)
line 13 (column 4)
If the amount in column 3 used a minus sign,
also use a minus sign in column 4.
-line 15 (column 2)
line 15 (column 3)
If the amount in column 2 is larger
than the amount in column 1, use a
Example—Tier 1 Employer sick pay increased.
minus sign in column 3.
You reported $8,000 as Tier 1 Employer sick pay in
computing the tax on line 8 of your 2014 Form CT-1. In
December of 2015, you discover that you overlooked
Multiply the amount in column 3 by .062 (.042 for
$1,000 in sick pay for one of your employees. To correct
corrections to a 2011 or 2012 return) and enter the result
the error, figure the difference on Form CT-1 X as shown.
in column 4.
Column 1 (corrected amount)
9,000.00
line 15 (column 3)
Column 2 (Form CT-1, line 8)
- 8,000.00
x .062**
Column 3 (difference)
1,000.00
line 15 (column 4)
If the amount in column 3 used a minus sign,
also use a minus sign in column 4.
**Use .042 for corrections to a 2011 or 2012 return.
Use the difference in column 3 to determine your tax
correction.
Be sure to explain the reasons for this correction on
line 23.
Column 3 (difference)
1,000.00
Tax rate (6.2%)
x .062
16. Tier 1 Employee Medicare Tax—Sick Pay
Column 4 (tax correction)
62.00
If you are correcting the sick pay for the Tier 1 Employee
Medicare tax you reported on Form CT-1, line 11 (line 10
Be sure to explain the reasons for this correction on
for years ending before January 1, 2013), enter the total
line 23.
corrected amount in column 1. In column 2, enter the
-10-
Instructions for Form CT-1 X (Rev. 2-2015)
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