As break points are determined, a pattern will appear.
Once the pattern has developed, it is repeated for all
remaining amounts. However, the first few break points
will not fit this pattern. They are referred to as non-repeat
breaks.
•
The ER-150 allows for 20 breakpoints to establish
repeated tax break pattern. Should you make a mistake
in entering the break points, depress the
″
C
″
key to clear
and re-enter the table from the beginning. The following
example is for an Illinois 4% tax.
TAX
AMOUNT
RANGE BREAKPOINT COMMENTS
0
.00 - .12
−
First taxable
amount = .13
1
.13 - .31
19
Difference
between .12 & .31
2
.32 - .54
23
Difference
between .31 & .54
3
.55 - .81
27
Difference
between .54 & .81
4
.82 - 1.08
27
ETC.
5
1.09 - 1.37
29
6
1.38 - 1.62
25
Repeating
breakpoints begin
7
1.63 - 1.87
25
8
1.88 - 2.12
25
9
2.13 - 2.37
25
10
2.38
⋅⋅⋅⋅⋅⋅⋅⋅⋅
Pattern
established
11
Summary of Contents for ER-150
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