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Informational Circular 00-P-013
Attachment 1
April 23, 2002
ADVANCE EARNED INCOME CREDIT
ANNUAL
SINGLE PERSON OR MARRIED WITHOUT SPOUSE FILING CERTIFICATE
DETERMINING THE AMOUNT OF PAYMENT TO BE MADE
To determine the amount of advance earned income credit use the following tables.
Do not deduct the withholding exemption from the gross wages.
|
|
|
| $0 |
$ 6,920.00 |
|
20.40% OF WAGES |
| $ 6,920.00 |
$12,690.00 |
|
$1,412.00 |
| $12,690.00 |
|
|
$1,412.00 LESS 9.588% OF WAGES IN EXCESS
OF $12,690.00 |
ANNUAL
MARRIED PERSON WITH BOTH SPOUSES FILING CERTIFICATE
| IF THE
AMOUNT OF WAGES (BEFORE DEDUCTING WITHHOLDING ALLOWANCES) IS: |
|
THE AMOUNT OF PAYMENT
TO BE MADE SHALL BE: |
| OVER |
BUT NOT OVER |
|
|
| $0 |
$3,460.00 |
|
20.40% OF WAGES |
| $3,460.00 |
$6,345.00 |
|
$706.00 |
| $6,345.00 |
|
|
$706.00 LESS 9.588% OF WAGES IN EXCESS
OF $6,345.00 |
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