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any Nebraska or NR Neb - familiar with? please


WITAXLADY

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57 minutes ago, WITAXLADY said:

WI resident has W-2 from Neb for $265 and $4 withheld.

Neb form III takes $265 by % of gross total income of $80,000 and says his Neb total taxable income is $2,801 and his tax is $8

 

Does this sound correct? Did I miss a step?

thank you,

D

 

 

 

D,

That is correct. The NE taxable income should be coming from page 1 of the 1040N, line 14. Then Sch III figures out the rest. The tax is figured on the line 14 amount less the personal exemption credit. That amount is multiplied by the percentage of NE income to the gross on line 4. $8 should be the correct tax.

Thanks,

Bonnie

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