Note: If your taxable income is $48,000 ($24,000 for Single, and Married Filing Separately; or $36,000 for Head of Household classifi cations) or under, do not use this worksheet. 1. Enter your taxable income from Form N-11, line 26 ........ 2. Enter your net long-term capital gain (federal Sch. D (Form 1040 or 1040-SR), line 15; or federal Form 1040 or 1040-SR, line 7 if Sch. D is not required) ........... 3. Combine your Hawaii long-term adjustments, if any, and enter the total here (see page 21 of the Instructions) ..................................... 4. Combine lines 2 and 3. This is your Hawaii net long-term capital gain ................................................ 5. Enter your net capital gain (federal Sch. D (Form 1040 or 1040-SR), line 16; or federal Form 1040 or 1040-SR, line 7 if Sch. D is not required) ........................ 6. Combine your Hawaii short-term adjustments, if any, and enter the total here (see page 21 of the Instructions) .................................... 7. Combine lines 3, 5, and 6. This is your Hawaii net capital gain ....................................................................... 8. Enter the smaller of line 4 or line 7 ................................. 9. If you are fi ling Form N-158, enter the amount from line 4e of Form N-158 ..................................................... 10. Line 8 minus line 9 (If this amount is zero or less, stop here; you cannot use this worksheet to fi gure your tax.) ......................................................... 11. Line 1 minus line 10 ......................................................... 12. Enter the amount shown below for the fi ling status you claimed ................................................... Single or Married fi ling separately— $24,000 Head of household— 36,000 Married fi ling jointly or qualifying surviving spouse— 48,000 13. Enter the greater of line 11 or line 12 .............................. 14. Line 1 minus line 13. This is the amount of net capital gains eligible for alternative tax. ...................................... 15. Compute the tax on the amount on line 13 using the Tax Table or Tax Rate Schedules, whichever applies ..... 16. Multiply line 14 by 7.25% (.0725) and enter the result .... 17. Line 15 plus line 16. ......................................................... 18. Compute the tax on the amount on line 1 using the Tax Table or Tax Rate Schedules, whichever applies ..... 19. Enter the smaller of line 17 or line 18 here and on line a of the Tax Computation Worksheet on page 32. If line 17 is smaller, enter the amount from line 14 in the space provided beside Form N-11, line 27a ...............................