2004 Estimated Tax Worksheet. Summary: This is an example of the worksheet used to determine the amount of estimated tax the taxpayer needs to pay, with
items included as
described in the text. Additionally, these line items are completed:
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“8. Add lines 6 and 7. Also include any tax from Form 4972 and 8814 and any recapture of the education credits (see Expected
Taxes and
Credits)” field contains 8,949
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“10. Subtract line 9 from line 8. If zero or less, enter 0” field contains 8,949
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“13a. Add lines 10 through 12” field contains 14,389
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“14b. Enter the tax shown on your 2003 tax return (110% of that amount if you are not a farmer or fisherman and the adjusted
gross income shown
on line 35 of that return is more than $150,000 or, if married filing separately for 2004, more than $75,000)” field contains
14,389
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