Adobe Acrobat File:1040tc.pdf

This document is a text-only version of the original Adobe Acrobat file. Graphics and formatting may be lost in the conversion from pdf to html.

View the Adobe Acrobat version of this file.


                                                    2005 MUSKEGON M-1040TC
                                                                   TAX CALCULATIONS SCHEDULE
                                                             FOR USE BY PART YEAR RESIDENTS
TAXPAYER'S NAME                                                                                     SOCIAL SECURITY NUMBER


                                         NUMBER OF MONTHS                    FROM                                    TO
          2005 MUSKEGON RESIDENCY

FORMER ADDRESS



                                                                                CATEGORIES OF INCOME
                   COLUMN 1                  COLUMN 2                COLUMN 3             COLUMN 4              COLUMN 5               COLUMN 6
                                             TOTAL INCOME          EXCLUDABLE INCOME    MUSKEGON INCOME                               TOTAL INCOME
            SOURCES OF INCOME              ADJUSTMENTS OR             ADJUSTMENTS         EARNED AS A          INCOME EARNED          SUBJECT TO TAX
                                              DEDUCTIONS            AND DEDUCTIONS        NON-RESIDENT         AS A RESIDENT           (COL. 4 + COL. 5)

1a.                                                          00                  00                      00                     00                          00

1b.                                                          00                  00                      00                     00                          00

1c.                                                          00                  00                      00                     00                          00

1d.                                                          00                  00                      00                     00                          00 PLEA
1e.                                                          00                  00                      00                     00                          00 SERO
1f.                                                          00                  00                      00                     00                          00 UND
1g.                                                          00                  00                      00                     00                          00 OT
                                                                                                                                                                       HT
1h.                                                          00                  00                      00                     00                          00 ENEA
1i.                                                          00                  00                      00                     00                          00 REST
1j.                                                          00                  00                      00                     00                          00 DOL
2. TOTALS                                                    00                  00                      00                     00                          00 ALR
3. PERCENTAGE OF TOTAL MUSKEGON INCOME                                                                                                    100%

4. RENAISSANCE ZONE DEDUCTION

5. EXEMPTION AMOUNT

6. TAXABLE INCOME                                                                                        00                     00                          00

7. TAX RATES (0.5% = .005 AND 1% = .01)                                                     0.5%                    1%

8. TAX                                                                                                   00                     00                          00

INSTRUCTIONS FOR M-1040TC, TAX CALCULATION SCHEDULE

LINE 1 . List each source of income (i.e, employer, Schedule C, interest, etc.) or deduction in column 1 and the total income or deduction from
          the item in column 2. Split the income or deduction between the different categories of income (columns 3, 4, and 5) based upon the
          time in each status and enter the income subject to tax in column 6.
LINE 2 . Total column 2, column 3, column 4, column 5 and column 6 and enter the amounts.
LINE 3 . Compute and enter in column 4 and column 5 the percentage of total income subject to tax by dividing the amount on line 2 of the
          column by the total income subject to tax (line 2 divided by column 6).
LINE 4 . Qualified Renaissance Zone Individuals Only Enter amount from line 11 of Schedule RZ M-1040.
LINE 5 . Enter in column 6 the total exemption credit from Form M-1040, line 16 and compute the exemption credit for column 4 and column 5
          based upon the percentages on line 3 of the respective column.
LINE 6 . Subtract line 4 and 5 from line 2 and enter the difference.
LINE 8 . Multiply line 6 of column 4 and column 5 by the tax rate for the column from line 7 and enter the amount. Add the amounts in column 4
          and column 5 and enter the total in column 6.

Enter the total from column 6, line 8 on Form M-1040, line 18.
                                 ATTACH A COPY OF THE M-1040TC TO YOUR INCOME TAX RETURN