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S Worksheet I - Exemption Credit Limitation~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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S a. Multiply the total number of exemptions form Form 540` line 11~~~~~~~~~~~~~~~
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S ~~~by $65..............................................................~
T y21
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S b. Enter the amount of federal AGI from Form 540` line 13..............~
T Z31
t CZ1 Z31   026 1 Transferred from Form 540, line 13.
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S c. Enter the amount shown for your filing status, below................~
T Ya6
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S ~~~* $
6 YATP1
S ~if single or married filing separate~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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S ~~~* $
6 YATP2
S ~if Head of household~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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S ~~~* $
6 YATP3
S ~if married filing joint or qualyfing widow(er)~~~~~~~~~~~~~~~~~~~~
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S ~~~If line c is equal to or more than line b, stop. The federal AGI~~~~~~~~~~~~~
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S ~~~limitation does not affect your exemption credits. Go back to the~~~~~~~~~~~~
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S ~~~line 21 instruction and continue with Question 2.~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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S d. Subtract line c from line b.........................................~
T y24
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S ~~~Note: If line d is more than $25`000 (more than $12`500 if married~~~~~~~~~~~
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S ~~~filing separate)` stop. You may not claim any exemption credits.~~~~~~~~~~~~~
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S ~~~Enter -0- on Form 540` line 21 and check the box labeled "line 21~~~~~~~~~~~~
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S ~~~worksheet"~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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S e. Divide line d by $2`500 ($1`250 if married filing separate). If the~~~~~~~~~~
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S ~~~result is not a whole number, round it up to the next higher whole~~~~~~~~~~~
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S ~~~number..............................................................~
T y25
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S f. Multiply line e by $6...............................................~
T y26
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S g. Multiply line f by the total number of exemptions on Form 540`~~~~~~~~~~~~~~~
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S ~~~line 11.............................................................~
T y27
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S h. Subtract line g from line a.........................................~
T y28
t CZ1 Y21   040 1 Transferred to Form 540, line 21.
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S ~~~If more than zero, enter the result. Then go back to the line 21~~~~~~~~~~~~~
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S ~~~instructions and continue with Question 2.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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S ~~~If zero or less than zero, enter -0-. Also enter -0- on Form 540,~~~~~~~~~~~~
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S ~~~line 21 and check the box labeled "line 21 worksheet."~~~~~~~~~~~~~~~~~~~~~~~
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