Instructions For Form Ct-1 X (Rev. February 2015) Page 7
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13corrected. In column 3, enter the difference between
Column 3 (difference)
-2,000.00
columns 1 and 2.
Tax rate (6.2%)
x .062
Column 4 (tax correction)
-124.00
line 8 (column 1)
-line 8 (column 2)
Be sure to explain the reasons for this correction on
line 8 (column 3)
If the amount in column 2 is larger
line 23.
than the amount in column 1, use a
minus sign in column 3.
7. Tier 1 Employer Medicare
Tax—Compensation
Multiply the amount in column 3 by the rate stated on
If you are correcting the compensation (other than tips
line 3 of the Form CT-1 for the year that you are
and sick pay) for the Tier 1 Employer Medicare tax you
correcting and enter the result in column 4. If the amount
reported on Form CT-1, line 2, enter the total corrected
in column 3 used a minus sign, also use a minus sign in
amount in column 1. In column 2, enter the amount you
column 4.
originally reported or as previously corrected. In column 3,
enter the difference between columns 1 and 2.
Example—Tier 2 Employer compensation
decreased. Following Example—Tier 1 Employer
compensation decreased in the instructions for line 6, the
line 7 (column 1)
compensation that you counted twice was also Tier 2
-line 7 (column 2)
Employer compensation. Because you are correcting your
line 7 (column 3)
If the amount in column 2 is larger
2013 Form CT-1 in this example, use the rate from line 3
than the amount in column 1, use a
(12.6%) shown on that return. To correct the error, figure
minus sign in column 3.
the difference on Form CT-1 X as shown.
Multiply the amount in column 3 by .0145 (1.45% tax
Column 1 (corrected amount)
7,000.00
rate) and enter the result in column 4.
Column 2 (Form CT-1, line 3)
- 9,000.00
Column 3 (difference)
-2,000.00
line 7 (column 3)
x .0145
Use the difference in column 3 to determine your tax
line 7 (column 4)
If the amount in column 3 used a minus sign,
correction.
also use a minus sign in column 4.
Column 3 (difference)
-2,000.00
Example—Tier 1 Employer Medicare
Tax rate (12.6%)
x .126
compensation decreased. Following Example—Tier 1
Column 4 (tax correction)
-252.00
Employer compensation decreased in the instructions for
line 6, the compensation that you counted twice was also
Tier 1 Employer Medicare compensation. To correct the
Be sure to explain the reasons for this correction on
error, figure the difference on Form CT-1 X as shown.
line 23.
9. Tier 1 Employee Tax—Compensation
Column 1 (corrected amount)
7,000.00
If you are correcting the compensation, including tips
Column 2 (Form CT-1, line 2)
- 9,000.00
reported, but excluding sick pay, for the Tier 1 Employee
Column 3 (difference)
-2,000.00
tax you reported on Form CT-1, line 4, 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 9 (column 1)
Tax rate (1.45%)
x .0145
-line 9 (column 2)
Column 4 (tax correction)
-29.00
line 9 (column 3)
If the amount in column 2 is larger than
the amount in column 1, use a minus
sign in column 3.
Be sure to explain the reasons for this correction on
line 23.
8. Tier 2 Employer Tax—Compensation
Multiply the amount in column 3 by .062 (.042 for
corrections to a 2011 or 2012 return) and report the result
If you are correcting the compensation (other than tips) for
in column 4.
the Tier 2 Employer tax you reported on Form CT-1, line 3,
enter the total corrected amount in column 1. In column 2,
enter the amount you originally reported or as previously
-7-
Instructions for Form CT-1 X (Rev. 2-2015)
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