Estimated Tax Worksheet - City Of Ionia Declaration Of Estimated Tax I-1040es (Page 2 of 2) in pdf

Estimated Tax Worksheet - City Of Ionia Declaration Of Estimated Tax I-1040es Page 2

1. Taxable Income Expected …………………………………………….........................….$ _________________

2. Exemptions deduction ($700 for each exemption).............................................................$ _________________

3. Estimated Ionia Taxable Income (Line 1 less line 2)..........................................................$ _________________

4. Estimated Ionia Income Tax...............................................................................................$ _________________

(Non-resident individuals enter 1/2% of line 3, all other taxpayers enter 1% of line 3)

5. (a) Amount of Ionia Income Tax Withheld.................................$ _________________

(b) Overpayment from Previous Year.....................................….$ _________________

Total (Add lines 5 (a), (b), (c) and Enter Here)............................................................$ _________________

6. Estimated Tax (Line 4 less line 5(*)...................................................................................$ _________________

7. Amount to be paid (Enter here and on Declaration - Voucher #1)..............................…...$ _________________

8. 1/4 of line 7 is the quarterly payment to be made (enter on all vouchers)

(*) Note: If line 6 is $100.00 or less (Individuals or Unincorporated Business) or $250.00 or less (Corporation), this return is not required.

RECORD OF ESTIMATED PAYMENTS

PAYMENT

DATE

AMOUNT PAID THIS QUARTER

TOTAL PAID TO DATE

ALTERNATIVE METHOD FOR MINIMUM ESTIMATED TAX

1) 70% OF CURRENT YEAR’S TAX DUE (2008 IF FIGURING 2009 ESTIMATED TAX DUE) $ ______________

2) PAYMENTS AND CREDITS

A) WITHHOLDINGS EXPECTED

$ _________________

B) OVERPAYMENT

$ _________________

C) CREDIT FOR TAX PAID TO ANOTHER CITY

$ _________________

3) TOTAL PAYMENTS AND CREDITS ADD A, B AND C

$ ______________

MINIMUM ESTIMATED TAX DUE LINE 1 LESS LINE 3

$ ______________

RETURN TO:

INCOME TAX DIVISION

INSTRUCTIONS PAGE 9 - For HELP call 527-TAXS

Estimated Tax Worksheet - City Of Ionia Declaration Of Estimated Tax I-1040es Page 2