2001 Estimated Income Tax Instructions And Worksheet Page 2

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8.
How to Use the Declaration Voucher
(A) Fill out the worksheet below to figure your estimated tax for 2001.
(B) Enter and/or verify your social security number(s) on the voucher, correct if necessary.
(C) Enter the appropriate amount of this estimated payment.
(D) Attach check or money order made payable to the Treasurer of State of Ohio.
(E) If the amount of your estimated taxes changes, your next voucher should reflect this new amount.
(F) For each subsequent quarterly payment, repeat steps (B) through (D).
2001 Estimated Tax Worksheet (Keep for Your Records – DO NOT FILE)
1. Estimated adjusted gross income (Federal 1040, 1040 A or 1040 EZ) ............................... 1.
_____________
2. Adjustments to income:
additions __________
deductions __________
(refer to your 2000 Ohio income tax booklet for an explanation) Net Adjustments = ......... 2.
_____________
3. Estimated Ohio adjusted gross income (line 1 plus or minus line 2) .................................. 3.
_____________
4. Personal Exemptions AND Dependent Exemptions ___ X $1,100 ..................................... 4.
_____________
5. Estimated Ohio taxable income (line 3 minus line 4) .......................................................... 5.
_____________
6. Tax on Ohio income (see tax table) ..................................................................................... 6.
_____________
7. Total Credits from Sch. B, C, D & E (refer to your 2000 Ohio income tax booklet) ............. 7.
_____________
8. Tax after all credits (line 6 minus line 7) .............................................................................. 8.
_____________
9. Estimated Tax to be withheld from your wages ................................................................... 9.
_____________
10. Estimated 2001 tax due (subtract line 9 from line 8) ........................................................... 10.
_____________
If line 10 is less than $500, stop here -- you do not have to file estimated payments.
11. Multiply the amount on line 10 ____________ times 0.225 and enter on line 11.
This is the amount of your quarterly estimated payment ..................................................... 11.
_____________
Tax
Tax Table for years ending on or after January 1, 2001
$
5,000 or less
0.743%
of Ohio taxable income
More than $
5,000 but not more than $ 10,000
$
37.15
plus
1.486%
of excess over
$
5,000
More than $ 10,000 but not more than $ 15,000
$
111.45
plus
2.972%
of excess over
$ 10,000
More than $ 15,000
but not more than $ 20,000
$
260.05
plus
3.715%
of excess over
$ 15,000
More than $ 20,000
but not more than $ 40,000
$
445.80
plus
4.457%
of excess over
$ 20,000
More than $ 40,000
but not more than $ 80,000
$ 1,337.20
plus
5.201%
of excess over
$ 40,000
More than $ 80,000
but not more than $100,000
$ 3,417.60
plus
5.943%
of excess over
$ 80,000
More than $100,000
but not more than $200,000
$ 4,606.20
plus
6.9%
of excess over
$100,000
Over
$200,000
$11,506.20
plus
7.5 %
of excess over
$200,000
2001 Record of Estimated Tax Payments
Voucher #2 Amount _____
Voucher #3 Amount _____
Voucher #4 Amount _____
Voucher #1 Amount _____
Date _____ Check # _____
Date _____ Check # _____
Date _____ Check # _____
Date _____ Check # _____

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