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I am having trouble computing the Connecticut Taxes Due based on the 2017 schedule, can you please help! Here is what I have so far
I am having trouble computing the Connecticut Taxes Due based on the 2017 schedule, can you please help! Here is what I have so far
Federal Adjusted Gross Income | 153,300 | 31-37 add | |||
CT tax withheld | |||||
Add: Additions to Federal AGI | 39-50 subtract | ||||
Line 31 | Municipal Bond Interest- Out of State | 1,000 | |||
Line 32 | N/A | ||||
Line 33 | N/A | ||||
Line 34 | N/A | ||||
Line 35 | Loss on sale of CT muni bond | 2000 | |||
Line 36 | N/A | ||||
Line 37 | |||||
Line 38 | |||||
Line 39 | U.S. Savings Bond | 4000 | |||
Line 40 | |||||
Line 41 | |||||
Line 42 | |||||
Line 43 | |||||
Line 44 | Military Retirement Pay | 22,000 | |||
Line 45 | Teachers retirement pay | 3750 | |||
Line 46 | |||||
Line 47 | |||||
Line 48 | CHET Contributions | 10000 | |||
Line 49 | |||||
Line 50 | |||||
CT Adjusted Gross Income | |||||
Use Tax | |||||
Credits | |||||
CT witholding taxes paid | |||||
Balance Due/Refund |
CONNECTICUT INDIVIDUAL INCOME TAX PROBLEM COMPUTE THE 2017 CT TAX LIABILITY USING THE INFO BELOW. ASSUME MFJ FILING STATUS. AGE 66 DO NOT USE TAX FORMS; PREPARE USING SPREADSHEET SOFTWARE. ATTACH THIS SHEET TO RESPONSE! GROUPS OF TWO ARE ALLOWED. YOU MAY CONFER AMOUNG GROUPS! DUE DATE: Thursday November 8th at the start of class-NO LATE SUBMISSIONS WILL BE ACCEPTED http://www.ct.gov/drs/lib/drs/forms/1-2017/income/booklets/ct 1040 online instruction booklet 1217.pd http://www.ct.gov/drs/lib/drs/forms/1-2017/income/ct-1040 form_w_1217.pdf FEDERAL RETURN W-2 INCOME Teachers pension (teachers retirement board) MILITARY PENSION INTEREST 85,000 15,000 22,000 BANK STATE OF CT MUNI BONED STATE OF MASS MUNI BOND 2,000 2,000 1,000 de COMMONWEALTH OF PUERTO RICO Kax.ca TAX EXEMPT 5,000 U.S. SAVINGS BOND Loss on the sale of CT Muni Bond SCHEDULE C INCOME (CONSTRUCTION) DOMESTIC PRODUCTION ACTIVITY DEDUCTION ADJUSTED GROSS INCOME 4,000 -2,000 30,000 153,300 CONNECTICUT INDIVIDUAL INCOME TAX PROBLEM COMPUTE THE 2017 CT TAX LIABILITY USING THE INFO BELOW. ASSUME MFJ FILING STATUS. AGE 66 DO NOT USE TAX FORMS; PREPARE USING SPREADSHEET SOFTWARE. ATTACH THIS SHEET TO RESPONSE! GROUPS OF TWO ARE ALLOWED. YOU MAY CONFER AMOUNG GROUPS! DUE DATE: Thursday November 8th at the start of class-NO LATE SUBMISSIONS WILL BE ACCEPTED http://www.ct.gov/drs/lib/drs/forms/1-2017/income/booklets/ct 1040 online instruction booklet 1217.pd http://www.ct.gov/drs/lib/drs/forms/1-2017/income/ct-1040 form_w_1217.pdf FEDERAL RETURN W-2 INCOME Teachers pension (teachers retirement board) MILITARY PENSION INTEREST 85,000 15,000 22,000 BANK STATE OF CT MUNI BONED STATE OF MASS MUNI BOND 2,000 2,000 1,000 de COMMONWEALTH OF PUERTO RICO Kax.ca TAX EXEMPT 5,000 U.S. SAVINGS BOND Loss on the sale of CT Muni Bond SCHEDULE C INCOME (CONSTRUCTION) DOMESTIC PRODUCTION ACTIVITY DEDUCTION ADJUSTED GROSS INCOME 4,000 -2,000 30,000 153,300
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