Individual income tax return guide 2011 - Inland Revenue Department
Individual income tax return guide 2011 - Inland Revenue Department
Individual income tax return guide 2011 - Inland Revenue Department
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www.ird.govt.nz<br />
43<br />
Use this worksheet if your <strong>income</strong> is between $44,000 and $48,000<br />
Number of months eligible for IETC<br />
(from Box A on page 42)<br />
Enter your <strong>income</strong> from Box 27, from<br />
your <strong>return</strong>, in Box B<br />
In Box C, enter the amount in Box B<br />
less $44,000<br />
Multiply Box C by 0.13 and enter the<br />
amount in Box D<br />
Subtract Box D from $520 and put the<br />
amount in Box E<br />
Multiply Box E by Box A and put the<br />
amount in Box F<br />
Divide Box F by 12 and enter the<br />
amount in Box G<br />
A<br />
B<br />
C<br />
D<br />
E<br />
F<br />
G<br />
This is your IETC. Copy it<br />
to Box 32 on your <strong>return</strong>.
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