Estimated Tax Worksheet - 2010 Page 2

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Assistance in preparing your Village of Waterville Income Tax Return is available by appointment at the Municipal Building.
Assistance in preparing your Village of Waterville Income Tax Return is available at the Municipal Building.
25 North Second Street, or by phone at (419) 878-8102.
25 North Second Street, or by phone at (419) 878-8102
ESTIMATED PAYMENT INSTRUCTIONS
Every taxpayer having or anticipating any income not subject to Withholding by Employer shall file a declaration setting
forth the estimated annual income, together with an estimate of the amount of tax due.
The Taxpayer must pay 90% of the total estimated tax liability. Payments are to be made in four (4) equal installments. For
example, if your income is $10,000, your estimated tax liability is $200. Ninety percent (.90) of $200 = $180, you pay $45 in
April, July, October, and January. Payments may be rounded to the nearest dollar.
File and pay on Voucher 1 by April 15, 2009, Voucher 2 by July 31, 2009, Voucher 3 by October 31, 2009, Voucher 4 by
January 31, 2010.
Fiscal Year – If the books are kept on a fiscal instead of calendar year, change all Voucher dates to correspond with your
fiscal year.
ESTIMATED TAX WORKSHEET
(KEEP FOR YOUR RECORDS – DO NOT FILE)
COMPUTATION OF ESTIMATED TAX
. 1
E
i t s
m
a
e t
d
a t
x
a
b
e l
n i
c
o
m
e
$
. 2
. a
E
i t s
m
a
e t
d
a t
x
d
u
e
2
%
f o
L
n i
e
1
$
b. 90% (.90) of Line 2a
$
. 3
. a
A
m
o
u
t n
f o
W
t a
r e
i v
e l l
a t
x
i w
h t
h
e
d l
$
b. Credit for tax withheld to other city (Limited to 1.5%)
$
. 4
O
e v
p r
y a
m
e
n
f t
o r
m
p
i r
r o
e y
r a
$
. 5
o T
a t
c l
e r
d
s t i
L (
n i
e
s
3
, a
3
b
a
n
d
) 4
$
6. 90% of estimated tax due to be paid in quarterly installments (Line 2b less Line 5)
$
RECORD OF ESTIMATED TAX PAYMENTS
D
u
e
D
a
e t
C
h
e
c
k
N
u
m
b
r e
D
a
e t
A
m
o
u
t n
VOUCHER 1
April 15
______________
______________
$ ______________
th
VOUCHER 2
July 31
______________
______________
$ ______________
st
VOUCHER 3
October 31
______________
______________
$ ______________
st
VOUCHER 4
January 31
______________
______________
$ ______________
st
TOTAL $ ______________

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