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Tax computation worksheet 1 If your New York adjusted gross income (line 33 ) is more than $107,650, but not more than $25,000,000 , and your taxable income (line 38 ) is $161,550 or less , then you must compute your tax using this worksheet. 1. Enter your New York adjusted gross income from line 33 1. ______________ 2. Enter your taxable income from line 38 2. ______________ 3. Multiply line 2 by 5.5% (.055) ( Stop: If the line 1 amount is $157,650 or more , skip lines 4 through 8 and enter the line 3 amount on line 9) 3. ______________ 4. Enter your New York State tax on the line 2 amount from the New York State tax rate schedule 4. ______________ 5. Subtract line 4 from line 3 5. ______________ 6. Enter the excess of line 1 over $107,650 6. ______________ 7. Divide line 6 by $50,000 and round the result to the fourth decimal place 7. ______________ 8. Multiply line 5 by line 7 8. ______________ 9. Add lines 4 and 8. Enter here and on line 39 . 9. ______________
Tax computation worksheet 2 If your New York adjusted gross income (line 33 ) is more than $161,550, but not more than $25,000,000 , and your taxable income (line 38 ) is more than $161,550 but not more than $323,200 , then you must compute your tax using this worksheet. 1. Enter your New York adjusted gross income from line 33 1. ______________ 2. Enter your taxable income from line 38 2. ______________ 3. Enter your New York State tax on the line 2 amount from the New York State tax rate schedule 3. ______________ 4. Recapture Base amount 4. _____ 333 ______ 5. Incremental Benefit amount 5. _____ 807 ______ 6. Enter the excess of line 1 over $161,550 6. ______________ 7. Enter the lesser of line 6 or $50,000 7. ______________ 8. Divide line 7 by $50,000 and round the result to the fourth decimal place 8. ______________ 9. Multiply line 5 by line 8 9. ______________ 10. Add lines 3, 4, and 9. Enter here and on line 39. 10. _____________
Tax computation worksheet 3 If your New York adjusted gross income (line 33 ) is more than $323,200, but not more than $25,000,000 , and your taxable income (line 38 ) is more than $323,200 but not more than $2,155,350 , then you must compute your tax using this worksheet. 1. Enter your New York adjusted gross income from line 33 1. ______________ 2. Enter your taxable income from line 38 2. ______________ 3. Enter your New York State tax on the line 2 amount from the New York State tax rate schedule 3. ______________ 4. Recapture Base amount 4. ____ 1,140 _____ 5. Incremental Benefit amount 5. ____ 2,747 _____ 6. Enter the excess of line 1 over $323,200 6. ______________ 7. Enter the lesser of line 6 or $50,000 7. ______________ 8. Divide line 7 by $50,000 and round the result to the fourth decimal place 8. ______________ 9. Multiply line 5 by line 8 9. ______________ 10. Add lines 3, 4, and 9. Enter here and on line 39. 10. _____________
Tax computation worksheet 4 If your New York adjusted gross income (line 33 ) is more than $2,155,350, but not more than $25,000,000 , and your taxable income (line 38 ) is more than $2,155,350 but not more than $5,000,000 , then you must compute your tax using this worksheet. 1. Enter your New York adjusted gross income from line 33 1. ______________ 2. Enter your taxable income from line 38 2. ______________ 3. Enter your New York State tax on the line 2 amount from the New York State tax rate schedule 3. ______________ 4. Recapture Base amount 4. ____ 3 , 887 _____ 5. Incremental Benefit amount 5. ___ 60,350 _____ 6. Enter the excess of line 1 over $2,155,350 6. ______________ 7. Enter the lesser of line 6 or $50,000 7. ______________ 8. Divide line 7 by $50,000 and round the result to the fourth decimal place 8. ______________ 9. Multiply line 5 by line 8 9. ______________ 10. Add lines 3, 4, and 9. Enter here and on line 39. 10. _____________
Tax computation worksheet 5 If your New York adjusted gross income (line 33 ) is more than $5,000,000, but not more than $25,000,000 , and your taxable income (line 38 ) is more than $5,000,000 , then you must compute your tax using this worksheet. 1. Enter your New York adjusted gross income from line 33 1. ______________ 2. Enter your taxable income from line 38 2. ______________ 3. Enter your New York State tax on the line 2 amount from the New York State tax rate schedule 3. ______________ 4. Recapture Base amount 4. ____ 64,237 ____ 5. Incremental Benefit amount 5. ____ 32,500 ____ 6. Enter the excess of line 1 over $5,000,000 6. ______________ 7. Enter the lesser of line 6 or $50,000 7. ______________ 8. Divide line 7 by $50,000 and round the result to the fourth decimal place 8. ______________ 9. Multiply line 5 by line 8 9. ______________ 10. Add lines 3, 4, and 9. Enter here and on line 39. 10. _____________
Tax computation worksheet 6 If your New York adjusted gross income (line 33 ) is more than $25,000,000 , then you must compute your tax using this worksheet. 1. Enter your taxable income from line 38 1. ______________ 2. Multiply line 1 by 10.9% (.109). Enter here and on line 39. 2. ______________