RESIDENT TAX
If your New York AGI (line 33) is more than 25,000,000, and your taxable income (line 38) is more than 1,077,550, then you must compute your tax using this worksheet. 1 Enter your New York AGI from line 33 … 1 250000 2 Enter your taxable income from line 38 … 2 250000 3 Multiply line 2 by 6.85% (.0685) (Stop: If the line 1 amount is 526 on line 6 … 6 526 7 Subtract line 6 from line 5 … 7 1754 - 526 = 1228 8 Enter the excess of line 1 over 50,000 and round the result to the fourth decimal place … 9 34600 / 50000 = 0.6920 10 Multiply line 7 by line 9 …10 1228 * 0.6920 = 849.78 11 Add lines 4, 6, and 10 …11 18904 + 526 + 849.776 = 20279.78 Enter here and on line 39.
If your New York AGI (line 33) is more than 25,000,000, and your taxable income (line 38) is more than 1,077,550, then you must compute your tax using this worksheet. 1 Enter your New York AGI from line 33 … 1 2 Enter your taxable income from line 38 … 2 3 Multiply line 2 by 6.85% (.0685) (Stop: If the line 1 amount is 526 on line 6 … 6 7 Subtract line 6 from line 5 … 7 8 Enter the excess of line 1 over 50,000 and round the result to the fourth decimal place … 9 10 Multiply line 7 by line 9 …10 11 Add lines 4, 6, and 10 …