Federal 1040-ES calculator ( Estimated Tax Worksheet) Test Case # 1 # 2 # 3 # 4 # 5 # 6 # 7

Income categories:

$ $ ( $ /Mo > IRS ) $ % tax paid to IRS: $ Self-Employment $

all other: $

$

($ ) + ($ ) + ($ ) + ($ + $ = $ ) $ $ $

Subtracting line from line Tax-Exempt Income $ $

Exemptions: # $

Subtracting line from line Taxable Income => $

Tax. penalty income 1040ES 1040es 1040-es $

Alt. min. Tax from Form 6251; plus Forms 4972 & 8814 (Child's Savings) $ $

Adding lines and $

Credits. $ $

Subtracting line from line $

Self-Employment Tax. $

Other taxes calc calculate married joint $ $

a Adding lines through $

b Earned income credit and Form 4136 and Pub. 972 child tax credit + child credit: # of children: ∴ $ $

c Subtracting line b from line a Estimated Tax => $

a % (of line c) _______ FARMER or FISHERMAN ? FARMER FISHERMAN neither $ $ %

b Enter tax shown on your tax return. <== check note $

c Entering the smaller of a or b. required prepayments this year ( see Line below ) $

1040-ES Quarterlies paid by: - $ + - $ + - $ = $

Income tax (to be) withheld in current year $ + + + $

Subtracting line from ←a ←b ∴⇒ $

Next quarterly payment $