| Publication 505 |
2008 Tax Year |
Figure 4-C, Annualized Income Installment Method—Illustrated (Laura Maple). Summary: This is an example of Form 2210 (2007), page 4, for Figure 4-C, Annualized Income Installment Method—Illustrated
(Laura Maple).
The completed line items are:
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Under
“Part I: Annualized Income Installments”:
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“1. Enter your adjusted gross income for each period (see instructions). (Estates and trusts, enter your taxable income without
your exemption
for each period.)”
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“(a) 1/1/07-3/31/07” field contains 3,750
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“(b) 1/1/07-5/31/07” field contains 9,596
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“(c) 1/1/07-8/31/07” field contains 17,993
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“(d) 1/1/07-12/31/07” field contains 30,427
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“3. Annualized income. Multiply line 1 by line 2”
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“(a) 1/1/07-3/31/07” field contains 15,000
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“(b) 1/1/07-5/31/07” field contains 23,030
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“(c) 1/1/07-8/31/07” field contains 26,990
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“(d) 1/1/07-12/31/07” field contains 30,427
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“4. Enter your itemized deductions for the period shown in each column. If you do not itemize, enter 0 and skip to line 7.
(Estates and trusts,
enter 0, skip to line 9, and enter the amount from line 3 on line 9.)”
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“(a) 1/1/07-3/31/07” field contains 2,250
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“(b) 1/1/07-5/31/07” field contains 3,750
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“(c) 1/1/07-8/31/07” field contains 6,000
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“(d) 1/1/07-12/31/07” field contains 9,000
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“6. Multiply line 4 by line 5 (see instructions if line 3 is more than $78,200)”
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“(a) 1/1/07-3/31/07” field contains 9,000
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“(b) 1/1/07-5/31/07” field contains 9,000
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“(c) 1/1/07-8/31/07” field contains 9,000
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“(d) 1/1/06712/31/07” field contains 9,000
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“7. In each column, enter the full amount of your standard deduction from Form 1040, line 40, or Form 1040A, line 24, (Form
1040N.R. or
1040N.R.-E.Z. filers, enter 0. Exception: Indian students and business apprentices, enter standard deduction from Form 1040N.R.,
line 37, or Form
1040N.R.-E.Z., line 11.)”
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“(a) 1/1/07-3/31/07” field contains 7,850
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“(b) 1/1/07-5/31/07” field contains 7,850
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“(c) 1/1/07-8/31/07” field contains 7,850
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“(d) 1/1/07-12/31/07” field contains 7,850
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“8. Enter the larger of line 6 or line 7”
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“(a) 1/1/07-3/31/07” field contains 9,000
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“(b) 1/1/07-5/31/07” field contains 9,000
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“(c) 1/1/07-8/31/07” field contains 9,000
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“(d) 1/1/07-12/31/07” field contains 9,000
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“9. Subtract line 8 from line 3”
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“(a) 1/1/07-3/31/07” field contains 6,000
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“(b) 1/1/07-5/31/07” field contains 14,030
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“(c) 1/1/07-8/31/07” field contains 17,990
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“(d) 1/1/07-12/31/07” field contains 21,427
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“10. In each column, multiply $3,400 by the total number of exemptions claimed (see instructions if line 3 is more than $117,300).
(Estates and
trusts and Form 1040N.R. or 1040N.R.-E.Z. filers, enter the exemption amount shown on your tax return.)”
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“(a) 1/1/07-3/31/07” field contains 6,800
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“(b) 1/1/07-5/31/07” field contains 6,800
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“(c) 1/1/07-8/31/07” field contains 6,800
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“(d) 1/1/07-12/31/07” field contains 6,800
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“11. Subtract line 10 from line 9”
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“(a) 1/1/07-3/31/07” field contains 0
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“(b) 1/1/07-5/31/07” field contains 7,230
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“(c) 1/1/07-8/31/07” field contains 11,190
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“(d) 1/1/07-12/31/07” field contains 14,627
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“12. Figure your tax on the amount on line 11 (see instructions)”
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“(b) 1/1/07-5/31/07” field contains 723
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“(c) 1/1/07-8/31/07” field contains 1,118
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“(d) 1/1/07-12/31/07” field contains 2,346
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“13. Self-employment tax from line 34 below (complete Part II)”
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“(b) 1/1/07-5/31/07” field contains 1,221
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“(c) 1/1/07-8/31/07” field contains 1,822
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“(d) 1/1/07-12/31/07” field contains 2,346
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“15. Total tax. Add lines 12, 13, and 14”
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“(b) 1/1/07-5/31/07” field contains 1,944
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“(c) 1/1/07-8/31/07” field contains 2,940
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“(d) 1/1/07-12/31/07” field contains 3,980
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“16. For each period, enter the same type of credits as allowed on Form 2210, lines 1 and 3 (see instructions)”
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“(a) 1/1/07-3/15/07 ”field contains 2,853
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“(b) 1/1/07-5/31/07 ”field contains 1,633
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“(c) 1/1/07-8/31/07 ”field contains 1,001
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“(d) 1/1/07-12/31/07” field contains 450
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“17. Subtract line 16 from line 15. If zero or less, enter 0”
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“(a) 1/1/07-3/31/07” field contains 0
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“(b) 1/1/07-5/31/07” field contains 311
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“(c) 1/1/07-8/31/07” field contains 1,939
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“(d) 1/1/07-12/31/07” field contains 3,530
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“19. Multiply line 17 by line 18”
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“(a) 1/1/07-3/31/07” field contains 0
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“(b) 1/1/07-5/31/07” field contains 140
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“(c) 1/1/07-8/31/07” field contains 1,309
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“(d) 1/1/07-12/31/07” field contains 3,117
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“20. Enter the total of the amounts in all previous columns of line 25”
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“(b) 1/1/07-5/31/07” field contains 0
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“(c) 1/1/07-8/31/07” field contains 140
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“(d) 1/1/07-12/31/07” field contains 1,309
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“21. Subtract line 20 from line 19. If zero or less, enter 0”
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“(a) 1/1/07-3/31/07” field contains 0
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“(b) 1/1/07-5/31/07” field contains 140
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“(c) 1/1/07-8/31/07” field contains 1,169
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“(d) 1/1/07-12/31/07” field contains 1,868
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“22. Enter 25% (.25) of line 9 on page 1 of Form 2210 in each column”
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“(a) 1/1/07-3/31/07” field contains 794
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“(b) 1/1/07-5/31/07” field contains 794
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“(c) 1/1/07-8/31/07” field contains 794
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“(d) 1/1/07-12/31/07” field contains 794
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“23. Subtract line 25 of the previous column from line 24 of that column”
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“(b) 1/1/07-5/31/07” field contains 794
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“(c) 1/1/07-8/31/07” field contains 1,448
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“(d) 1/1/07-12/31/07” field contains 1,073
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“24. Add lines 22 and 23”
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“(a) 1/1/07-3/31/07” field contains 794
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“(b) 1/1/07-5/31/07” field contains 1,588
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“(c) 1/1/07-8/31/07” field contains 2,242
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“(d) 1/1/07-12/31/07” field contains 1,867
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“25. Enter the smaller of line 21 or line 24 here and on Form 2210, line 18”
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“(a) 1/1/07-3/31/07” field contains 0
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“(b) 1/1/07-5/31/07” field contains 140
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“(c) 1/1/07-8/31/07” field contains 1,169
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“(d) 1/1/07-12/31/07” field contains 1,867
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Under
“Part II: Annualized Self-Employment Tax”:
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“26. Net earnings from self-employment for the period (see instructions)”
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“(b) 1/1/07-5/31/07” field contains 3,325
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“(c) 1/1/07-8/31/07” field contains 7,942
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“(d) 1/1/0712/31/07” field contains 15,330
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“28. Enter actual wages for the period subject to social security tax or the 6.2% portion of the 7.65% railroad retirement
(tier 1)
tax”
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“(b) 1/1/07-5/31/07” field contains 6,250
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“(c) 1/1/07-8/31/07” field contains 10,000
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“(d) 1/1/07-12/31/07” field contains 15,000
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“29. Subtract line 28 from line 27. If zero or less, enter 0”
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“(b) 1/1/07-5/31/07” field contains 34,375
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“(c) 1/1/07-8/31/07” field contains 55,000
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“(d) 1/1/07-12/31/07” field contains 82,500
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“31. Multiply line 30 by the smaller of line 26 or line 29”
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“(b) 1/1/07-5/31/07” field contains 990
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“(c) 1/1/07-8/31/07” field contains 1,477
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“(d) 1/1/07-12/31/07” field contains 1,901
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“33. Multiply line 26 by line 32”
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“(b) 1/1/07-5/31/07” field contains 231
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“(c) 1/1/07-8/31/07” field contains 345
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“(d) 1/1/07-12/31/07” field contains 445
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“34. Add lines 31 and 33. Enter the result here and on line 13 above”
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“(b) 1/1/07-5/31/07” field contains 1,221
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“(c) 1/1/07-8/31/07” field contains 1,822
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“(d) 1/1/07-12/31/07” field contains 2,346
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