| Worksheet for Use in Part 2 |
| of Essay/Exercise # 5 |
| PA 615 |
| | Couple A | Couple B | Couple B Fed. Itemized Deductions |
| Adjusted Gross Income | | | Deductible Mtg Exp |
| Deduct: | | | State Income Taxes |
| Standard Deduction | | | SDI |
| Itemized Deductions | | - | Motor Vehicle Fees |
| Taxable Income | - | - | Charitable Contrib. |
| Rent Paid in Excess of | | | Total Itemized Ded. | 0 |
| Standard Deduction | | N/A | Instructions: |
| Adjusted Income for | | | Only fill in the yellow areas. The |
| Comparison Purposes | - | - | gray areas are pre-calculated cells. |
| Taxes Paid: | | | Do not try to adjust for the state |
| Federal Income Tax | | | income taxes which disallow an |
| California Income Tax | | | itemized deduction for state income |
| State Gas Taxes/Fees | | | taxes - effect is entered in Row 26:C |
| Sales taxes |
| Total Taxes Paid | - | - |
| Total Taxes Paid as a % |
| of Adjusted Income for |
| Comparison Purposes | ERROR:#DIV/0! | ERROR:#DIV/0! |
| Adjustment for State |
| Taxes which do not |
| Allow State Tax Deduct. | | 0.34% |
| Adjusted Total Tax Rate | | ERROR:#DIV/0! |
krisGG
Exercise5Part2Worksheet.xlsx
