|
|
|
Legend Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
05/17/07
|
S U
P P O R T I N G S C H E D U L E
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew & Tammy
McCarthey
|
|
|
|
|
|
|
JOINT
|
JOINT
|
JOINT
|
JOINT
|
JOINT
|
|
Sample Plan
|
2007
|
2008
|
2009
|
2010
|
2011
|
|
Age:
|
37/36
|
38/37
|
39/38
|
40/39
|
41/40
|
|
Income
|
|
|
|
|
|
|
Earned
Income
|
138,600
|
143,208
|
147,454
|
151,843
|
156,378
|
|
Adj Gross
Income
|
150,927
|
156,748
|
162,252
|
167,950
|
173,843
|
|
Allowed
Deductions
|
33,555
|
34,271
|
34,972
|
35,730
|
36,482
|
|
Pers
Exemptions
|
9,900
|
10,200
|
10,500
|
10,800
|
11,100
|
|
Taxable
Income
|
107,472
|
112,277
|
116,780
|
121,420
|
126,261
|
|
|
|
|
|
|
|
|
Qualified
Dividends
|
|
|
|
|
|
|
Total
Qual Dividends
|
819
|
868
|
919
|
974
|
0
|
|
|
|
|
|
|
|
|
Investments
|
|
|
|
|
|
|
Ordinary
Income
|
40,000
|
41,200
|
42,436
|
43,709
|
45,020
|
|
Depreciation
|
4,545
|
4,545
|
4,546
|
4,545
|
4,546
|
|
Invstmt
Interest
|
13,343
|
13,056
|
12,752
|
12,429
|
12,086
|
|
Other
Expenses
|
7,250
|
7,468
|
7,692
|
7,922
|
8,160
|
|
Alt Min
Tax Adjs
|
1,420
|
1,420
|
1,421
|
1,420
|
1,421
|
|
Investment
Income
|
14,862
|
16,132
|
17,446
|
18,813
|
20,228
|
|
|
|
|
|
|
|
|
Investment
Interest
|
|
|
|
|
|
|
BeachHouse
|
13,343
|
13,056
|
12,752
|
12,429
|
12,086
|
|
|
|
|
|
|
|
|
Tax
Preferences
|
|
|
|
|
|
|
BeachHouse
|
1,420
|
1,420
|
1,421
|
1,420
|
1,421
|
|
|
|
|
|
|
|
|
Tot Tax
Prefs
|
1,420
|
1,420
|
1,421
|
1,420
|
1,421
|
|
|
|
|
|
|
|
|
Federal
Tax Liab
|
|
|
|
|
|
|
Regular
Tax
|
19,983
|
20,982
|
21,895
|
22,843
|
23,828
|
|
Gross Fed
Inc Tax
|
19,901
|
20,895
|
21,803
|
22,745
|
23,828
|
|
Alt
Minimum Tax
|
4,191
|
4,762
|
5,342
|
6,313
|
7,340
|
|
AMT
Credit C/Over
|
0
|
0
|
4,191
|
8,953
|
14,295
|
|
Disallowed
|
0
|
-4,191
|
-8,953
|
-14,295
|
-20,608
|
|
Self
Employmt Tax
|
8,478
|
8,732
|
8,994
|
9,264
|
9,542
|
|
Fed
Income Tax
|
32,570
|
34,389
|
36,139
|
38,322
|
40,710
|
|
|
|
|
|
|
|
|
Fed
Tax Analysis-Ord Inc
|
|
|
|
|
|
|
Indexing
Factor
|
101
|
107
|
114
|
120
|
127
|
|
Fed Tax
Bracket-Ord Inc
|
25.0%
|
25.0%
|
25.0%
|
25.0%
|
25.0%
|
|
|
|
|
|
|
|
|
You may
include a footnote to be automatically included at the bottom of all of your
reports,.
|
|
|
The Supporting Schedule provides a detailed analysis of your client’s income tax liability including AMT.
ExecPlan Express allows the user to select any or all of the years in the planning horizon for their client’s presentation.
These reports can be printed right from the software or saved as an MS Excel file for editing or insertion into an MS Word or PowerPoint
file. This also allows the advisor to email any report for review by the client.
|
|
|
|
Legend Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
05/17/07
|
S U
P P O R T I N G S C H E D U L E (cont.)
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew & Tammy
McCarthey
|
|
|
|
|
|
|
JOINT
|
JOINT
|
JOINT
|
JOINT
|
JOINT
|
|
Sample Plan
|
2007
|
2008
|
2009
|
2010
|
2011
|
|
Age:
|
37/36
|
38/37
|
39/38
|
40/39
|
41/40
|
|
$ To Next
Bracket
|
17,047
|
15,941
|
15,289
|
14,654
|
12,839
|
|
Next
Bracket
|
28.0%
|
28.0%
|
28.0%
|
28.0%
|
28.0%
|
|
Previous
Bracket
|
15.0%
|
15.0%
|
15.0%
|
15.0%
|
15.0%
|
|
$ To Prev
Bracket
|
45,353
|
48,309
|
50,861
|
53,546
|
57,361
|
|
Fed Effective
Tax Rate
|
30.3%
|
30.6%
|
31.0%
|
31.6%
|
32.2%
|
|
|
|
|
|
|
|
|
Alt
Minimum Tax
|
|
|
|
|
|
|
Adj Gross
Income
|
150,927
|
156,748
|
162,252
|
167,950
|
173,843
|
|
Inv Int
Exp Sch E
|
13,343
|
13,056
|
12,752
|
12,429
|
12,086
|
|
Contributions
|
-1,200
|
-1,236
|
-1,273
|
-1,311
|
-1,351
|
|
Home
Mortgage
|
-13,139
|
-12,883
|
-12,609
|
-12,320
|
-12,013
|
|
Other
Qual Int
|
-13,343
|
-13,056
|
-12,752
|
-12,429
|
-12,086
|
|
Adjusted
AMTI
|
136,588
|
142,629
|
148,370
|
154,319
|
160,479
|
|
BeachHouse
|
1,420
|
1,420
|
1,421
|
1,420
|
1,421
|
|
AMT
Exemptions
|
-45,000
|
-45,000
|
-45,000
|
-43,565
|
-42,025
|
|
AMT Taxable
Inc
|
93,008
|
99,049
|
104,791
|
112,174
|
119,875
|
|
|
|
|
|
|
|
|
Gross Alt
Min Tx
|
24,092
|
25,657
|
27,145
|
29,058
|
31,168
|
|
Fed Tax
Less FTC
|
-19,901
|
-20,895
|
-21,803
|
-22,745
|
-23,828
|
|
Alt
Minimum Tax
|
4,191
|
4,762
|
5,342
|
6,313
|
7,340
|
|
|
|
|
|
|
|
|
Other
Tax Liabs
|
|
|
|
|
|
|
FICA/Soc
Sec Tax
|
7,533
|
7,819
|
8,126
|
8,433
|
8,761
|
|
NJ
Resident Income
|
179,166
|
185,384
|
191,797
|
198,417
|
205,244
|
|
NJ
Adjustments
|
-15,000
|
-15,000
|
-15,500
|
-16,000
|
-16,500
|
|
NJ Res
Gross Inc
|
164,166
|
170,384
|
176,297
|
182,417
|
188,744
|
|
NJ Deds
& Exmptns
|
-13,817
|
-13,800
|
-13,793
|
-13,785
|
-13,777
|
|
NJ
Resident TI
|
150,349
|
156,584
|
162,504
|
168,631
|
174,967
|
|
NJ
Resident Tax
|
5,535
|
5,932
|
6,309
|
6,699
|
7,103
|
|
New
Jersey Tax
|
5,535
|
5,932
|
6,309
|
6,699
|
7,103
|
|
Tot
State/Local Tx
|
5,535
|
5,932
|
6,309
|
6,699
|
7,103
|
|
|
|
|
|
|
|
|
Total Inc
Tax
|
45,638
|
48,140
|
50,574
|
53,454
|
56,574
|
|
|
|
|
|
|
|
|
Gift
Tax Analysis
|
|
|
|
|
|
|
Gift
Exclusion Amount
|
12,000
|
13,000
|
13,000
|
14,000
|
14,000
|
|
Remaining
Gift Exemp-CL
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
|
Remaining
Gift Exemp-SP
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
|
|
|
|
|
|
|
|
You may
include a footnote to be automatically included at the bottom of all of your
reports,.
|
|
|
|
|
|
|
|
|
|
|
|
|
Legend Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
05/17/07
|
S U
P P O R T I N G S C H E D U L E
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew & Tammy
McCarthey
|
|
|
|
|
|
|
JOINT
|
JOINT
|
JOINT
|
JOINT
|
JOINT
|
|
Sample Plan
|
2012
|
2013
|
2014
|
2015
|
2016
|
|
Age:
|
42/41
|
43/42
|
44/43
|
45/44
|
46/45
|
|
Income
|
|
|
|
|
|
|
Earned
Income
|
161,064
|
165,906
|
170,909
|
176,076
|
180,913
|
|
Adj Gross
Income
|
179,942
|
186,252
|
192,781
|
199,536
|
206,024
|
|
Allowed
Deductions
|
37,256
|
38,054
|
38,872
|
39,714
|
40,547
|
|
Pers
Exemptions
|
11,400
|
11,700
|
12,150
|
12,450
|
12,900
|
|
Taxable
Income
|
131,286
|
136,499
|
141,759
|
147,372
|
152,577
|
|
|
|
|
|
|
|
|
Investments
|
|
|
|
|
|
|
Ordinary
Income
|
46,371
|
47,762
|
49,195
|
50,671
|
52,191
|
|
Depreciation
|
4,545
|
4,546
|
4,545
|
4,546
|
4,545
|
|
Invstmt
Interest
|
11,723
|
11,336
|
10,926
|
10,490
|
10,028
|
|
Other
Expenses
|
8,405
|
8,657
|
8,917
|
9,184
|
9,460
|
|
Alt Min
Tax Adjs
|
1,420
|
1,421
|
1,420
|
1,421
|
1,420
|
|
Investment
Income
|
21,698
|
23,223
|
24,807
|
26,451
|
28,158
|
|
|
|
|
|
|
|
|
Investment
Interest
|
|
|
|
|
|
|
BeachHouse
|
11,723
|
11,336
|
10,926
|
10,490
|
10,028
|
|
|
|
|
|
|
|
|
Tax
Preferences
|
|
|
|
|
|
|
BeachHouse
|
1,420
|
1,421
|
1,420
|
1,421
|
1,420
|
|
|
|
|
|
|
|
|
Tot Tax
Prefs
|
1,420
|
1,421
|
1,420
|
1,421
|
1,420
|
|
|
|
|
|
|
|
|
Federal
Tax Liab
|
|
|
|
|
|
|
Regular
Tax
|
24,849
|
25,915
|
26,982
|
28,128
|
29,172
|
|
Gross Fed
Inc Tax
|
24,849
|
25,915
|
26,982
|
28,128
|
29,172
|
|
Alt
Minimum Tax
|
8,393
|
9,476
|
10,635
|
11,795
|
12,977
|
|
AMT
Credit C/Over
|
20,608
|
27,948
|
36,341
|
45,817
|
56,452
|
|
Disallowed
|
-27,948
|
-36,341
|
-45,817
|
-56,452
|
-68,247
|
|
Self
Employmt Tax
|
9,828
|
10,123
|
10,427
|
10,739
|
11,062
|
|
Fed
Income Tax
|
43,070
|
45,514
|
48,044
|
50,662
|
53,211
|
|
|
|
|
|
|
|
|
Fed
Tax Analysis-Ord Inc
|
|
|
|
|
|
|
Indexing
Factor
|
133
|
140
|
147
|
155
|
162
|
|
Fed Tax
Bracket-Ord Inc
|
25.0%
|
25.0%
|
25.0%
|
25.0%
|
25.0%
|
|
$ To Next
Bracket
|
11,964
|
11,051
|
10,191
|
9,128
|
8,573
|
|
Next
Bracket
|
28.0%
|
28.0%
|
28.0%
|
28.0%
|
28.0%
|
|
Previous
Bracket
|
15.0%
|
15.0%
|
15.0%
|
15.0%
|
15.0%
|
|
$ To Prev
Bracket
|
60,286
|
63,399
|
66,459
|
69,772
|
72,677
|
|
Fed
Effective Tax Rate
|
32.8%
|
33.3%
|
33.9%
|
34.4%
|
34.9%
|
|
|
|
|
|
|
|
|
You may
include a footnote to be automatically included at the bottom of all of your
reports,.
|
|
|
|
|
|
|
|
|
|
|
|
|
Legend Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
05/17/07
|
S U
P P O R T I N G S C H E D U L E (cont.)
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew & Tammy
McCarthey
|
|
|
|
|
|
|
JOINT
|
JOINT
|
JOINT
|
JOINT
|
JOINT
|
|
Sample Plan
|
2012
|
2013
|
2014
|
2015
|
2016
|
|
Age:
|
42/41
|
43/42
|
44/43
|
45/44
|
46/45
|
|
|
|
|
|
|
|
|
Alt
Minimum Tax
|
|
|
|
|
|
|
Adj Gross
Income
|
179,942
|
186,252
|
192,781
|
199,536
|
206,024
|
|
Inv Int
Exp Sch E
|
11,723
|
11,336
|
10,926
|
10,490
|
10,028
|
|
Contributions
|
-1,391
|
-1,433
|
-1,476
|
-1,520
|
-1,566
|
|
Home
Mortgage
|
-11,689
|
-11,346
|
-10,982
|
-10,597
|
-10,189
|
|
Other
Qual Int
|
-11,723
|
-11,336
|
-10,926
|
-10,490
|
-10,028
|
|
Adjusted
AMTI
|
166,862
|
173,473
|
180,323
|
187,419
|
194,269
|
|
BeachHouse
|
1,420
|
1,421
|
1,420
|
1,421
|
1,420
|
|
AMT
Exemptions
|
-40,429
|
-38,776
|
-37,064
|
-35,290
|
-33,578
|
|
AMT
Taxable Inc
|
127,853
|
136,118
|
144,679
|
153,549
|
162,111
|
|
|
|
|
|
|
|
|
Gross Alt
Min Tx
|
33,242
|
35,391
|
37,617
|
39,923
|
42,149
|
|
Fed Tax
Less FTC
|
-24,849
|
-25,915
|
-26,982
|
-28,128
|
-29,172
|
|
Alt
Minimum Tax
|
8,393
|
9,476
|
10,635
|
11,795
|
12,977
|
|
|
|
|
|
|
|
|
Other
Tax Liabs
|
|
|
|
|
|
|
FICA/Soc
Sec Tax
|
9,090
|
9,372
|
9,653
|
9,943
|
10,241
|
|
NJ
Resident Income
|
212,290
|
219,561
|
227,064
|
234,806
|
242,797
|
|
NJ
Adjustments
|
-17,000
|
-17,500
|
-18,000
|
-18,500
|
-19,500
|
|
NJ Res
Gross Inc
|
195,290
|
202,061
|
209,064
|
216,306
|
223,297
|
|
NJ Deds
& Exmptns
|
-13,768
|
-13,757
|
-13,746
|
-13,734
|
-13,731
|
|
NJ
Resident TI
|
181,522
|
188,304
|
195,318
|
202,572
|
209,566
|
|
NJ
Resident Tax
|
7,520
|
7,952
|
8,399
|
8,861
|
9,307
|
|
New
Jersey Tax
|
7,520
|
7,952
|
8,399
|
8,861
|
9,307
|
|
Tot
State/Local Tx
|
7,520
|
7,952
|
8,399
|
8,861
|
9,307
|
|
|
|
|
|
|
|
|
Total Inc
Tax
|
59,680
|
62,838
|
66,096
|
69,466
|
72,759
|
|
|
|
|
|
|
|
|
Gift
Tax Analysis
|
|
|
|
|
|
|
Gift
Exclusion Amount
|
14,000
|
15,000
|
15,000
|
16,000
|
16,000
|
|
Remaining
Gift Exemp-CL
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
|
Remaining
Gift Exemp-SP
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
|
|
|
|
|
|
|
|
You may
include a footnote to be automatically included at the bottom of all of your
reports,.
|
|
|
|
|
|
|
|
|
|
|
|
|
Legend Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
05/18/07
|
S U
P P O R T I N G S C H E D U L E
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew & Tammy
McCarthey
|
|
|
|
|
|
|
JOINT
|
JOINT
|
JOINT
|
SINGLE
|
SINGLE
|
|
Sample Plan
|
2020
|
2025
|
2030
|
2035
|
2060
|
|
Age:
|
50/49
|
55/54
|
60/59
|
65/64
|
89
|
|
Income
|
|
|
|
|
|
|
Earned
Income
|
202,966
|
235,294
|
272,770
|
0
|
393,273
|
|
Adj Gross
Income
|
235,376
|
278,651
|
333,722
|
157,361
|
666,125
|
|
Allowed
Deductions
|
44,175
|
49,297
|
55,396
|
50,512
|
122,643
|
|
Pers
Exemptions
|
14,400
|
16,800
|
13,000
|
15,000
|
31,400
|
|
Taxable
Income
|
176,801
|
212,554
|
265,327
|
91,849
|
512,082
|
|
|
|
|
|
|
|
|
Capital
Gains
|
|
|
|
|
|
|
Excess
Cash Fund
|
0
|
0
|
0
|
76,462
|
0
|
|
Net
Capital Gain
|
0
|
0
|
0
|
76,462
|
0
|
|
|
|
|
|
|
|
|
LTCG Txd
At Max Rt
|
0
|
0
|
0
|
76,462
|
0
|
|
|
|
|
|
|
|
|
Capital
Gains-AMT
|
0
|
0
|
0
|
76,462
|
0
|
|
|
|
|
|
|
|
|
Investments
|
|
|
|
|
|
|
Ordinary
Income
|
58,741
|
68,097
|
78,943
|
91,517
|
191,616
|
|
Depreciation
|
4,545
|
4,546
|
0
|
0
|
0
|
|
Invstmt
Interest
|
7,875
|
4,348
|
8
|
0
|
0
|
|
Other
Expenses
|
10,647
|
12,343
|
14,309
|
16,587
|
34,730
|
|
Alt Min
Tax Adjs
|
1,420
|
1,421
|
-3,125
|
-3,125
|
0
|
|
Investment
Income
|
35,674
|
46,861
|
64,627
|
74,930
|
156,886
|
|
|
|
|
|
|
|
|
Investment
Interest
|
|
|
|
|
|
|
BeachHouse
|
7,875
|
4,348
|
8
|
0
|
0
|
|
|
|
|
|
|
|
|
Tax
Preferences
|
|
|
|
|
|
|
BeachHouse
|
1,420
|
1,421
|
-3,125
|
-3,125
|
0
|
|
|
|
|
|
|
|
|
Tot Tax
Prefs
|
1,420
|
1,421
|
-3,125
|
-3,125
|
0
|
|
|
|
|
|
|
|
|
Federal
Tax Liab
|
|
|
|
|
|
|
Regular
Tax
|
34,115
|
41,525
|
53,448
|
15,111
|
116,430
|
|
Max Tax
On Cap Gn
|
0
|
0
|
0
|
9,846
|
0
|
|
Gross Fed
Inc Tax
|
34,115
|
41,525
|
53,448
|
11,385
|
116,430
|
|
Alt
Minimum Tax
|
18,642
|
27,350
|
34,423
|
17,174
|
64,976
|
|
AMT
Credit C/Over
|
111,082
|
186,013
|
236,879
|
269,722
|
461,232
|
|
Disallowed
|
-126,711
|
-199,655
|
-242,269
|
-282,127
|
-469,772
|
|
Self
Employmt Tax
|
12,450
|
14,433
|
16,732
|
0
|
0
|
|
Fed
Income Tax
|
65,207
|
83,308
|
104,603
|
28,559
|
181,406
|
|
|
|
|
|
|
|
|
You may
include a footnote to be automatically included at the bottom of all of your
reports,.
|
|
|
|
|
|
|
|
|
|
|
|
|
Legend Financial
|
|
|
|
|
|
|
Princeton, NJ 08540
|
|
|
|
|
|
|
05/18/07
|
S U
P P O R T I N G S C H E D U L E (cont.)
|
|
Mathew
Retires at age 62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mathew & Tammy
McCarthey
|
|
|
|
|
|
|
JOINT
|
JOINT
|
JOINT
|
SINGLE
|
SINGLE
|
|
Sample Plan
|
2020
|
2025
|
2030
|
2035
|
2060
|
|
Age:
|
50/49
|
55/54
|
60/59
|
65/64
|
89
|
|
Fed
Tax Analysis-Ord Inc
|
|
|
|
|
|
|
Indexing
Factor
|
195
|
242
|
296
|
359
|
857
|
|
Fed Tax
Bracket-Ord Inc
|
25.0%
|
28.0%
|
28.0%
|
10.0%
|
28.0%
|
|
$ To Next
Bracket
|
4,499
|
107,496
|
105,423
|
1,813
|
223,918
|
|
Next
Bracket
|
28.0%
|
33.0%
|
33.0%
|
15.0%
|
33.0%
|
|
Previous
Bracket
|
15.0%
|
25.0%
|
25.0%
|
.0%
|
25.0%
|
|
$ To Prev
Bracket
|
87,001
|
2,554
|
22,027
|
15,387
|
159,232
|
|
Fed
Capital Gain Rate
|
.0%
|
.0%
|
.0%
|
12.9%
|
.0%
|
|
Fed
Effective Tax Rate
|
36.9%
|
39.2%
|
39.4%
|
31.1%
|
35.4%
|
|
|
|
|
|
|
|
|
Alt
Minimum Tax
|
|
|
|
|
|
|
Adj Gross
Income
|
235,376
|
278,651
|
333,722
|
157,361
|
666,125
|
|
Inv Int
Exp Sch E
|
7,875
|
4,348
|
8
|
0
|
0
|
|
Contributions
|
-1,762
|
-2,043
|
-2,368
|
-2,746
|
-5,748
|
|
Home
Mortgage
|
-8,301
|
-5,244
|
-1,170
|
0
|
0
|
|
Other
Qual Int
|
-7,875
|
-4,348
|
-8
|
0
|
0
|
|
Adjusted
AMTI
|
225,313
|
271,364
|
330,184
|
154,615
|
660,377
|
|
Net
Capital Gain
|
0
|
0
|
0
|
-76,462
|
0
|
|
Capital
Gains-AMT
|
0
|
0
|
0
|
76,462
|
0
|
|
BeachHouse
|
1,420
|
1,421
|
-3,125
|
-3,125
|
0
|
|
AMT
Exemptions
|
-25,817
|
-14,304
|
-735
|
-24,003
|
0
|
|
AMT
Taxable Inc
|
200,916
|
258,481
|
326,324
|
127,487
|
660,377
|
|
|
|
|
|
|
|
|
Gross Alt
Min Tx
|
52,757
|
68,875
|
87,871
|
28,559
|
181,406
|
|
Fed Tax
Less FTC
|
-34,115
|
-41,525
|
-53,448
|
-11,385
|
-116,430
|
|
Alt
Minimum Tax
|
18,642
|
27,350
|
34,423
|
17,174
|
64,976
|
|
|
|
|
|
|
|
|
Other
Tax Liabs
|
|
|
|
|
|
|
FICA/Soc
Sec Tax
|
11,526
|
13,362
|
15,490
|
0
|
0
|
|
NJ
Resident Income
|
277,419
|
327,390
|
390,223
|
157,360
|
178,610
|
|
NJ
Adjustments
|
-22,601
|
-26,200
|
-30,373
|
0
|
0
|
|
NJ Res
Gross Inc
|
254,818
|
301,190
|
359,850
|
157,360
|
178,610
|
|
NJ Deds
& Exmptns
|
-13,690
|
-13,605
|
-12,000
|
-18,589
|
-28,173
|
|
NJ
Resident TI
|
241,127
|
287,585
|
347,850
|
138,771
|
150,436
|
|
NJ
Resident Tax
|
11,317
|
14,277
|
18,116
|
6,713
|
7,457
|
|
New
Jersey Tax
|
11,317
|
14,277
|
18,116
|
6,713
|
7,457
|
|
Tot
State/Local Tx
|
11,317
|
14,277
|
18,116
|
6,713
|
7,457
|
|
|
|
|
|
|
|
|
Total Inc
Tax
|
88,050
|
110,947
|
138,209
|
35,272
|
188,863
|
|
Gift
Tax Analysis
|
|
|
|
|
|
|
Gift
Exclusion Amount
|
18,000
|
21,000
|
24,000
|
28,000
|
59,000
|
|
Remaining
Gift Exemp-CL
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
1,000,000
|
|
Remaining
Gift Exemp-SP
|
1,000,000
|
1,000,000
|
1,000,000
|
0
|
0
|
|
You may
include a footnote to be automatically included at the bottom of all of your
reports,.
|
|
|
