| Pub. 505, Tax Withholding and Estimated Tax |
2004 Tax Year |
This is archived information that pertains only to the 2004 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
Form 2210 (2003) Page 4. Summary: This is an example of Form 2210 (2003), page 4, with items included as described in Example 4.7 of the text. Additionally,
these line
items are completed:
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“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) 1/1/03-3/31/03” field contains 5,250
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“(b) 1/1/03-5/31/03” field contains 13,025
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“(c) 1/1/03-8/31/03” field contains 21,993
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“(d) 1/1/03-12/31/03” field contains 36,427
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“3. Annualized income. Multiply line 1 by line 2”
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“(a) 1/1/03-3/31/03” field contains 21,000
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“(b) 1/1/03-5/31/03” field contains 31,260
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“(c) 1/1/03-8/31/03” field contains 32,990
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“(d) 1/1/03-12/31/03” field contains 36,427
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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) 1/1/03-3/31/03” field contains 1,500
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“(b) 1/1/03-5/31/03” field contains 2,500
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“(c) 1/1/03-8/31/03” field contains 4,000
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“(d) 1/1/03-12/31/03” field contains 6,000
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“6. Multiply line 4 by line 5 (see instructions if line 3 is more than $69,750)”
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“(a) 1/1/03-3/31/03” field contains 6,000
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“(b) 1/1/03-5/31/03” field contains 6,000
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“(c) 1/1/03-8/31/03” field contains 6,000
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“(d) 1/1/03-12/31/03” field contains 6,000
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“7. In each column, enter the full amount of your standard deduction from Form 1040, line 37, 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 35, or Form
1040N.R.-E.Z., line 11.)”
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“(a) 1/1/03-3/31/03” field contains 4,750
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“(b) 1/1/03-5/31/03” field contains 4,750
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“(c) 1/1/03-8/31/03” field contains 4,750
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“(d) 1/1/03-12/31/03” field contains 4,750
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“8. Enter the larger of line 6 or line 7”
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“(a) 1/1/03-3/31/03” field contains 6,000
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“(b) 1/1/03-5/31/03” field contains 6,000
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“(c) 1/1/03-8/31/03” field contains 6,000
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“(d) 1/1/03-12/31/03” field contains 6,000
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“9. Subtract line 8 from line 3”
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“(a) 1/1/03-3/31/03” field contains 15,000
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“(b) 1/1/03-5/31/03” field contains 25,260
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“(c) 1/1/03-8/31/03” field contains 26,990
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“(d) 1/1/03-12/31/03” field contains 30,427
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“10. In each column, multiply $3,050 by the total number of exemptions claimed (see instructions if line 3 is more than $104,625).
(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) 1/1/03-3/31/03” field contains 3,050
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“(b) 1/1/03-5/31/03” field contains 3,050
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“(c) 1/1/03-8/31/03” field contains 3,050
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“(d) 1/1/03-12/31/03” field contains 3,050
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“11. Subtract line 10 from line 9”
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“(a) 1/1/03-3/31/03” field contains 11,950
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“(b) 1/1/03-5/31/03” field contains 22,210
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“(c) 1/1/03-8/31/03” field contains 23,940
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“(d) 1/1/03-12/31/03” field contains 27,377
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“12. Figure your tax on the amount on line 11 (see instructions)”
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“(a) 1/1/03-3/31/03” field contains 1,446
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“(b) 1/1/03-5/31/03” field contains 2,984
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“(c) 1/1/03-8/31/03” field contains 3,239
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“(d) 1/1/03-12/31/03” field contains 3,756
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“13. Self-employment tax from line 34 below (complete Part II)”
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“(b) 1/1/03-5/31/03” field contains 1,560
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“(c) 1/1/03-8/31/03” field contains 1,822
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“(d) 1/1/03-12/31/03” field contains 2,346
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“15. Total tax. Add lines 12, 13, and 14”
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“(a) 1/1/03-3/31/03” field contains 1,446
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“(b) 1/1/03-5/31/03” field contains 4,544
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“(c) 1/1/03-8/31/03” field contains 5,061
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“(d) 1/1/03-12/31/03” field contains 6,102
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“17. Subtract line 16 from line 15. If zero or less, enter 0”
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“(a) 1/1/03-3/31/03” field contains 1,446
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“(b) 1/1/03-5/31/03” field contains 4,544
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“(c) 1/1/03-8/31/03” field contains 5,061
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“(d) 1/1/03-12/31/03” field contains 6,102
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“19. Multiply line 17 by line 18”
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“(a) 1/1/03-3/31/03” field contains 325
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“(b) 1/1/03-5/31/03” field contains 2,045
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“(c) 1/1/03-8/31/03” field contains 3,416
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“(d) 1/1/03-12/31/03” field contains 5,492
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“20. Add the amounts in all previous columns of line 25”
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“(b) 1/1/03-5/31/03” field contains 325
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“(c) 1/1/03-8/31/03” field contains 2,045
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“(d) 1/1/03-12/31/03” field contains 3,416
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“21. Subtract line 20 from line 19. If zero or less, enter 0”
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“(a) 1/1/03-3/31/03” field contains 325
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“(b) 1/1/02-5/31/02” field contains 1,720
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“(c) 1/1/03-8/31/03” field contains 1,371
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“(d) 1/1/03-12/31/03” field contains 2,076
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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) 1/1/03-3/31/03” field contains 1,529
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“(b) 1/1/03-5/31/03” field contains 1,529
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“(c) 1/1/03-8/31/03” field contains 1,529
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“(d) 1/1/03-12/31/03” field contains 1,529
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“23. Subtract line 25 of the previous column from line 24 of the previous column”
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“(b) 1/1/03-5/31/03” field contains 1,204
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“(c) 1/1/03-8/31/03” field contains 1,013
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“(d) 1/1/03-12/31/03” field contains 1,171
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“24. Add lines 22 and 23 and enter the total”
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“(a) 1/1/03-3/31/03” field contains 1,529
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“(b) 1/1/03-5/31/03” field contains 2,733
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“(c) 1/1/03-8/31/03” field contains 2,542
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“(d) 1/1/03-12/31/03” field contains 2,700
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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) 1/1/03-3/31/03” field contains 325
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“(b) 1/1/03-5/31/03” field contains 1,720
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“(c) 1/1/03-8/31/03” field contains 1,371
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“(d) 1/1/03-12/31/03” field contains 2,076
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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) 1/1/03-5/31/03” field contains 4,248
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“(c) 1/1/03-8/31/03” field contains 7,942
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“(d) 1/1/03-12/31/03” 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) 1/1/03-5/31/03” field contains 8,750
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“(c) 1/1/03-8/31/03” field contains 14,000
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“(d) 1/1/03-12/31/03” field contains 21,000
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“29. Subtract line 28 from line 27. If zero or less, enter 0”
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“(b) 1/1/03-5/31/03” field contains 27,500
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“(c) 1/1/03-8/31/03” field contains 44,000
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“(d) 1/1/03-12/31/03” field contains 66,000
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“31. Multiply line 30 by the smaller of line 26 or line 29”
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“(b) 1/1/03-5/31/03” field contains 1,264
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“(c) 1/1/03-8/31/03” field contains 1,477
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“(d) 1/1/03-12/31/03” field contains 1,901
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“33. Multiply line 26 by line 32”
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“(b) 1/1/03-5/31/03” field contains 296
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“(c) 1/1/03-8/31/03” field contains 345
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“(d) 1/1/03-12/31/03” 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) 1/1/03-5/31/03” field contains 1,560
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“(c) 1/1/03-8/31/03” field contains 1,822
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“(d) 1/1/03-12/31/03” field contains
2,346
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