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taxmap/instr/i1040sj-007.htm#TXMP5affa08f
Line 12


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If line 11 is zero or less, enter -0- on line 12. Otherwise, figure the tax on the amount on line 11 using:

taxmap/instr/i1040sj-007.htm#f25514j02

2004 Tax Rate Schedules—Line 12

Schedule X—Use if your 2004 filing status was Single Schedule Y-2—Use if your 2004 filing status was
mmmmmmnnMarried filing separately
If Schedule J, line 11, is:
Over—		 But not over— Enter onm m m
Schedule J,m m m
line 12m m m 		of the amount over— If Schedule J, line 11, is:
Over—		 But not over— Enter onm m m
Schedule J,m m m
line 12m m m 		of the amount over—
$0
7,150
29,050
70,350
146,750
319,100 		$7,150
29,050
70,350
146,750
319,100
............. 		...........
$715.00 +
4,000.00 +
14,325.00 +
35,717.00 +
92,592.50 +

10%
15%
25%
28%
33%
35%		 $0
7,150
29,050
70,350
146,750
319,100		 $0
7,150
29,050
58,625
89,325
159,550 		$7,150 29,050
58,625
89,325
159,550
............. 		...........
$715.00 + 4,000.00 +
11,393.75 +
19,989.75 +
43,164.00 +		 10%
15%
25%
28%
33%
35%		 $0
7,150
29,050
58,625
89,325
159,550
Schedule Y-1—Use if your 2004 filing status was Married
mmmmmmn filing jointly or Qualifying widow(er)		 Schedule Z—Use if your 2004 filing status was Head of
mmmmmnnhousehold
If Schedule J, line 11, is:
Over—		 But not over— Enter onm m m
Schedule J,m m m
line 12m m m 		of the amount over— If Schedule J, line 11, is:
Over—		 But not over— Enter onm m m
Schedule J,m m m
line 12m m m 		of the amount over—
$0
14,300
58,100
117,250
178,650
319,100 		$14,300
58,100
117,250
178,650
319,100
............ 		...........
$1,430.00 +
8,000.00 +
22,787.50 +
39,979.50 +
86,328.00 +

10%
15%
25%
28%
33%
35%		 $0
14,300
58,100
117,250
178,650
319,100		 $0
10,200
38,900
100,500
162,700
319,100 		$10,200 38,900
100,500
162,700
319,100
............. 		...........
$1,020.00 + 5,325.00 +
20,725.00 +
38,141.00 +
89,753.00 +		 10%
15%
25%
28%
33%
35%		 $0
10,200
38,900
100,500
162,700
319,100

taxmap/instr/i1040sj-007.htm#w24811v12

2004 Qualified Dividends and Capital Gain Tax Worksheet—Line 12

Use this worksheet only if both of the following apply.
  • Your elected farm income on Schedule J, line 2, does not include any net capital gain.
  • You (a) entered qualified dividends on your 2004 Form 1040, line 9b (or your 2004 Form 1040A, line 9b), (b) entered capital gain distributions directly on your 2004 Form 1040, line 13 (or your 2004 Form 1040A, line 10) and checked the box on that line, or (c) filed Schedule D in 2004 and you answered "Yes" on lines 17 and 20 of that Schedule D.
 
1.   Amount from Schedule J, line 11 1.                   
2.   Amount from Form 1040, line 9b (or Form 1040A, line 9b) 2.                   
3.   Did you file Schedule D in 2004?        
    Box Yes. Enter the smaller of line 15 or 16 of your 2004 Schedule D, but do not enter less than -0- Right bracen 3.                   
    Box No. Enter the amount from Form 1040, line 13 (or Form 1040A, line 10)        
4.   Add lines 2 and 3 4.                   
5.   Amount, if any, from your 2004 Form 4952, line 4g 5.                   
6.   Subtract line 5 from line 4. If zero or less, enter -0- 6.                   
7.   Subtract line 6 from line 1. If zero or less, enter -0- 7.                   
8.   Enter the smaller of:    
   
  • The amount on line 1, or
    
   
  • $29,050 if single or married filing separately for 2004,
Right brace 8.                   
    mm$58,100 if married filing jointly or qualifying widow(er),
mm$38,900 if head of household.m 		   
9.   Is the amount on line 7 equal to or more than the amount on line 8?    
    Box Yes. Skip lines 9 through 11; go to line 12 and check the "No" box.    
    Box No. Enter the amount from line 7 9.                   
10.   Subtract line 9 from line 8 10.                   
11.   Multiply line 10 by 5% (.05) 11.                 
12.   Are the amounts on lines 6 and 10 the same?    
    Box Yes. Skip lines 12 through 15; go to line 16.    
    Box No. Enter the smaller of line 1 or line 6 12.                   
13.   Enter the amount from line 10 (if line 10 is blank, enter -0-) 13.                   
14.   Subtract line 13 from line 12 14.                   
15.   Multiply line 14 by 15% (.15) 15.                 
16.   Figure the tax on the amount on line 7. Use the 2004 Tax Rate Schedules on page J-6 16.                 
17.   Add lines 11, 15, and 16 17.                 
18.   Figure the tax on the amount on line 1. Use the 2004 Tax Rate Schedules on page J-6 18.                 
19.   Tax. Enter the smaller of line 17 or line 18 here and on Schedule J, line 12 19.                 
   

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