Individual income tax return guide 2011 - Inland Revenue Department

46
IR 3 INDIVIDUAL RETURN GUIDE
Use this worksheet if your taxable income is from $48,001 to
$70,000. Your tax is $8,155 plus 31.5 cents for each dollar in this
tax bracket.
Copy your taxable income from Box 29 of your return to Box 1.
1
2
Subtract Box 2 from Box 1. Print the answer in Box 3.
3
48,000 00
00
4
8,155 00
Multiply Box 3 by 0.315 (31.5 cents in the
dollar). Print the answer in Box 5.
Add Box 4 and Box 5. Print the answer
in Box 6. This is the tax on your taxable
income. Copy it to Box 2 on page 47
in this guide.
5
6
Use this worksheet if your taxable income is $70,001 and over.
Your tax is $15,085 plus 35.5 cents for each dollar in this
tax bracket.
Copy your taxable income from Box 29 of your return to Box 1.
1
2
Subtract Box 2 from Box 1. Print the answer in Box 3.
3
70,000 00
00
4
15,085 00
Multiply Box 3 by 0.355 (35.5 cents in the
dollar). Print the answer in Box 5.
Add Box 4 and Box 5. Print the answer
in Box 6. This is the tax on your taxable
income. Copy it to Box 2 on page 47
in this guide.
5
6