Use the Tax Calculation Worksheet below to calculate the tax on your chargeable income. For ease of reference we have provided you with three examples.

Total Allowances & Deductions
Add Line 120 through Line 124 and enter the total on Line 125.

Chargeable Income
Subtract Line 125 from Line 113 and enter difference on Line 126. If the amount on Line 125 exceeds the amount on Line 113 enter zero ( 0 ) on Line 126.

Use the Tax Calculation Worksheet below to calculate the tax on your chargeable income . For ease of reference we have provided you with four examples.

Chargeable income from Line 126 A_________
On the first B_________ tax is B1 _____
On the remaining amount (A minus B) C_________ tax at __% is C1_____

The total of B1 and C1 is your tax on chargeable income, enter on Line 127 of your return.

Example 1
If your chargeable income is $9,000 or less, do the following calculation:
LINE A : $11,000
LINE B : 0
LINE B1 : 0
LINE C : $11,000
Tax at : 10%
LINE C1 : $1,100
Enter amount on Line 127

Example 2
If your chargeable income is $18,500, do the following calculation:
LINE A : 18,500
LINE B : 12,000
LINE B1 : 1,000
LINE C : 6,500
Tax at : 15%
LINE C1 : 975.00

Total tax on chargeable income Line B1 plus Line C1 = 1000 + 975 = 1975
Enter amount on Line 127

Example 3
If your chargeable income is $25,000, then do the following calculation:
LINE A : 25,000
LINE B : 20,000
LINE B1 : 2500
LINE C : Subtract LINE B from LINE A = 5000
Tax at : 20%
LINE C1 : 1000

Total tax on chargeable income LINE B1 plus LINE C1 = 2500 + 1000 = 3500
Enter amount on Line 127

Example 4.
If your chargeable income is $54,000, do the following calculation:
LINE A : 54,000
LINE B : 30,000
LINE B1 : 4,500
LINE C : Subtract LINE B from LINE A= 24,000
Tax at : 30%
LINE C1 : 7,200

Total tax on chargeable income LINE B1 plus LINE C1 = 4,500 + 7,200 = 11,700
Enter amount on Line 127

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