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Form W - 4 (1998)
<br /> Pa 2
<br /> Deductions and Adjustments Worksheet
<br /> Note: Use this worksheet only if you plan to itemize deductions or claim adjustments to income on your 1998 tax return.
<br /> 1 Enter an estimate of your 1998 itemized deductions. These include qualifying home mortgage interest,
<br /> charitable contributions, state and local taxes (but not sales taxes), medical expenses in excess of 7.5% -
<br /> of your income, and miscellaneous deductions. (For 1998, you may have to reduce your itemized $
<br /> deductions if your income is over $124,500 ($62,250 if married filing separately). Get Pub. 919 for dstails.) 1
<br /> $7,100 if married filing jointly or qualifying widow(er)
<br /> $6,250 if head of household 2 $
<br /> 2 Enter: $4,250 if single
<br /> $3,550 if married filing separately -
<br /> 3 Subtract line 2 from line 1. If line 2 is greater than line 1, enter -0- . . . . . . . . . . . . 3 $
<br /> 4 Enter an estimate of your 1998 adjustments to income, including alimony, deducible IRA contributions, and education ban interest . 4 $
<br /> 5 Add lines 3 and 4 and enter the total . . . . . . . . . . . . . . . . . . . . . 5 $
<br /> 6 Enter an estimate of your 1998 nonwage income (such as dividends or interest) . . . . . . . . 6 $
<br /> 7 . Subtract line 6 from line 5. Enter the result, but not less than -0- . . . . . . . . . . . . . 7 $
<br /> 8 Divide the amount on line 7 by $2,500 and enter the result here. Drop any fraction . . . . . . . 8
<br /> 9 Enter the number from Personal Allowances Worksheet, line H, on page 1 . . . . . . . . . . 9
<br /> 10 Add lines 8 and 9 and enter the total here. If you plan to use the Two- EamariTwo -Job Worksheet, also enter
<br /> this total on line 1 below, Otherwise stop here and enter this total on Form W -4, line 5, on page 1 . 10
<br /> Two- Earner/Two -Job Worksheet
<br /> Note: Use this worksheet only if the instructions for line H on page 1 direct you here.
<br /> 1 Enter the number from line H an page 1 (or from line 10 above if you used the Deductions and Adjustments Worksheet) 1
<br /> 2 Find the number in Table 1 below that applies to the LOWEST paying job and enter it here . , . . 2
<br /> 3 If line 1 is GREATER THAN OR EQUAL TO line 2, subtract line 2 from line 1. Enter the result here (it
<br /> zero, enter -0 -) and on Form W -4, line 5, on page 1. DO NOT use the rest of this worksheet . . . . 3
<br /> Note: ff line 1 is LESS THAN line 2, enter -0- on Form W -4, line 5, on page 1. Complete lines 4-9 to calculate
<br /> the additional withholding amount necessary to avoid a year end tax bill.
<br /> 4 Enter the number from line 2 of this worksheet . . . . . . . . 4
<br /> 5 Enter the number from line 1 of this worksheet . . . . . . . . . . 5
<br /> 6 Subtract line 5 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . 6
<br /> 7 Find the amount in Table 2 below that applies to the HIGHEST paying job and enter it here . 7 $
<br /> 8 Multiply line 7 by line 6 and enter the result here. This is the additional annual withholding amount needed 8 $
<br /> 9 Divide line 8 by the number of pay periods remaining in 1998. (For example, divide by 25 if you are paid
<br /> every other week and you complete this form in December 1997.) Enter the result here and on Form W -4,
<br /> line 6, page 1. This is the additional amount to be withhe from each paychec 9 $
<br /> Table 1: Two- Earner/Two -Job Worksheet
<br /> Married Filing Jointly All Others
<br /> It wages from LOWEST Enter on -. If wages from LOWEST Enter on It wages from LOWEST - Enter on If wages from LOWEST Enter on
<br /> paying job are- line 2 above paying lab are- line 2 above paying job are- line .2 above paying job are- line 2 above
<br /> 0 -$4.000 . . 0 38,001 - 43,000 . 8 0 - $5,000 . . . 0 70,001 - 85,000 , . , 8
<br /> 4,001 - 7,000 . . . . 1 43,001 - 54,000 . . . 9 5,001 -11,000 . . . 1 85,001 - 100,000 . . . . 9
<br /> 7,001 -12,000 . . . . 2 54,001 - 62,000 . . . 10 11,001 - 16,000 2 100,001 and over , . , 10
<br /> 12,001 - 18,000 . . . . 3 62,001 - 70,000 11 16,001 -21,000 . . . 3
<br /> 18,001 -24,000 . . . . 4 70,001 - 85,000 12 21,001 -25,000 . . . 4
<br /> 24,001 -26,000 . . . . 5 85,001 -100,000 . . . 13 25,001 - 42,000 . . . 5
<br /> 28,001 - 33,000 6 100,001 -110,000 . . 14 42,001 -55,000 . . . 6
<br /> 33,001 - 38,000 - . . . . 7 110,001 and over . . . . 15 55,001 - 70,000 . . 7
<br /> Table 2: T wo- Earner/T -Job Worksheet
<br /> Married Filing Jointly All Others
<br /> R wages from HIGHEST Enter on If wages from HIGHEST Enter an
<br /> paying job are- line 7 above paying job are-- line 7 above
<br /> 0 - $50,000 . . . . $400 0 -$30,000 . . , . $400
<br /> 50,001 - 100,000 . . . . 760 30,001 - 60,000 , , , . 760
<br /> 100,001 - 130,000. . 840 60,001 - 120,000 . . . . 840
<br /> 130,001 - 240,000 . . . . 970 120,001 - 250,000 . . . . 970
<br /> 240,001 and over .1,070 250,001 and over . 1,070
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<br /> for the m 1 cm abon on this form to carry out the Internal on a forth that is subject to the Paperwork Reduction Act depending on individual circumstances. The estimated
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<br /> 6109 and their regulations. Failure to provide a completed retained as long as their contents may become material in min. If you have comments concerning the accuracy of these
<br /> form will result in your being treated as a single person who the administration of any Internal Revenue law. Generally, tax gme estimates or suggestions to making this torn simpler,
<br /> claims no withholding allowances. Routine uses of this returns and return information are confidential, as required by we would be happy to hear from you. You can write W the
<br /> information Include giving It to the Department of Justice for Code section 6103. Tax Forms Committee, Wastem Area Distribution Center,
<br /> Civil and criminal litiga6an and to cities, states, and the Rancho Cordova, CA 95743-0001. DO NOT send the tax
<br /> District of Columbia for use in administering their tax laws. form to this address. Instead, give it to your employer.
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