Publication 929 - Tax Rules For Children And Dependents - 2006 Page 22
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27Filled-in Qualified Dividends and Capital Gain Tax Worksheet #3
Before you begin:
Be sure you do not have to file Form 1040 (see the instructions for Form 1040A, line 10)
1. Enter the amount from Form 1040A, line 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.
2,500
2. Enter the amount from Form 1040A, line 9b . . . . . . . . . . .
2.
1,050
3. Enter the amount from Form 1040A, line 10 . . . . . . . . . . .
3.
700
4. Add lines 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
1,750
5. Subtract line 4 from line 1. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . .
5.
750
6. Enter the smaller of:
• The amount on line 1, or
}
• $30,650 if single or married filing separately,
$61,300 if married filing jointly or qualifying widow(er), or
. . . . . . . . . . . .
6.
2,500
$41,050 if head of household.
7. Is the amount on line 5 equal to or more than the amount on line 6?
Yes.
Skip lines 7 through 9; go to line 10 and check the “No” box.
Enter the amount from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
No.
7.
750
8. Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.
1,750
9. Multiply line 8 by 5% (.05) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.
88
10. Are the amount on lines 4 and 8 the same?
Skip lines 10 through 13; go to line 14.
Yes.
No.
Enter the smaller of line 1 or line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.
11. Enter the amount from line 8 (if line 8 is blank, enter -0-) . . . . . . . . . . . . . . . . . . . . . 11.
12. Subtract line 11 from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.
13. Multiply line 12 by 15% (.15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13.
14. Figure the tax on the amount on line 5. Use the Tax Table. Enter tax here . . . . . . . . . . . . . . . . . . . . . . . . . .
14.
76
15. Add lines 9, 13, and 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15.
164
16. Figure the tax on the amount on line 1. Use the Tax Table. Enter tax here . . . . . . . . . . . . . . . . . . . . . . . . . .
16.
251
17. Tax on all taxable income. Enter the smaller of line 15 or line 16 here and on Form 1040A, line 28 . . . . . . . .
17.
164
Page 22
Publication 929 (2006)
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