|
|
S ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~WORKSHEET I -~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~~~~~~~~~~~~~~~~Limiting the Exemption Credit by federal AGI~~~~~~~~~~~~~~~~~~
^
S a. Multiply the total number of exemptions form Form 540` line 11~~~~~~~~~~~~~~~
^
S ~~~by $
2 Ya
S ............................................................ a~
T 001 y21
^
S b. Enter the amount from Form 540` line 13........................... b~
T 002 Z31
t CZ1 Z31   026 1 Transferred from Form 540, line 13.
^
S c. If your filing status is:              Enter this amount on line c:~~~~~~~~~~
^
S ~~~Single or married filing separate......................$
6 YATP1
S ~!~~~~~~~~~~~~
^
S ~~~Married filing joint or qualifying widow(er)...........$
6 YATP3
S ~~> c~
T 003 Ya6
^
S ~~~Head of household......................................$
6 YATP2
S ~!~~~~~~~~~~~~
^
S d. Subtract line c from line b....................................... d~
T 004 y24
^
S ~~~Is line d more than $25,000 (more than $12,500 if married filing~~~~~~~~~~~~~
^
S ~~~separate)?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S ~~~YES  Enter -0- on this line and on Form 540 line 21. Check the~~~~~~~~~~~~~~~
^
S ~~~~~~~~box labeled "Worksheet I" and continue to Form 540, line 22.~~~~~~~~~~~~
^
S ~~~NO   Go to line e.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
^
S e. Divide line d by $2`500 ($1`250 if married filing separate). Note:~~~~~~~~~~~
^
S ~~~If the result is not a whole number, round it to the next higher~~~~~~~~~~~~~
^
S ~~~whole number...................................................... e~
T 005 y25
^
S f. Multiply line e by $6............................................. f~
T 006 y26
^
S g. Multiply line f by the total number of exemptions on Form 540`~~~~~~~~~~~~~~~
^
S ~~~line 11........................................................... g~
T 007 y27
^
S h. Subtract line g from line a....................................... h~
T 008 y28
t CZ1 Y21   040 1 Transferred to Form 540, line 21.
^
|
S ~~~If line c is equal to or more than line b, stop. The federal AGI~~~~~~~~~~~~~
^
S ~~~limitation does not affect your exemption credits. Go back to the~~~~~~~~~~~~
^
