rom 9984 New Jobs Credit

> See separate instructions.

Department of the Treasury
Internal Revenue Service b> Attach to your tax return.

1977

Name

your tax return

Identifying number as shown on page 1 of

Important—The employer's wage and salary deduction must be reduced by the tentative new jobs credit on line 13. (See Instruction F.)

Small business corporations, partner- other jobs credit will disregard lines 1 Note: If this form is being completed by
ships, and estates or trusts which appor- through 13, complete lines 14 through 17, a member of a group of trades or busi-
tion the credit to shareholders, partners, or enter the apportioned credit on line 18, nesses that are under common control or
beneficiaries are to complete only lines 1 19, or 20 respectively and complete the an estate or trust that apportions the new
through 13. The individual shareholder, balance of the form as applicable. Those jobs credit between itself and its benefici-
partner, or beneficiary receiving the credit individuals having other new jobs credit, aries, see instruction G and the instruction

from the above entities and having no _ see instruction for line 13. for line 13, before completing the form.
1 Enter the aggregate unemployment insurance wages (limited to $4,200 for each employee) paid during
calendar year 1977 (see instruction for line1). . . . sone ee ee
2 Enter 102% of the aggregate unemployment insurance wages (limited ¢ to $4, 200 for each employee) paid
during calendar year 1976 (see instruction forline2). . 1 6 ee ee ee ee
B3Linellessline2. 2. 2 6 ee ee ee ee ee ee
4 Enter 50% of line 1. © 6 6 2 ee ee ee ee
5 Enter the lesser of line 3orline4. 2 6 ee ee ee ee ee ee
6 Enter total wages paid in calendar year 1977 (see instruction forline6). . . 2. 1 ee ee ee
7 Enter 105% of total wages paid in calendar year 1976 (see instruction forline6). . . . . 2. ee
8B Line Glessline7. . - 6 6 ee ee ee ee
9 Enter 50% of the lesser of line 5orline8. . . 2s ee ee ee ee wee ee
10 Enter the lesser of line 9 or $100,000 (married individuals filing separately, estates and trusts, see instruction for line 10) .
11 Enter the unemployment insurance wages (limited to $4,200 for each employee) paid to vocational rehabilita.
tion referral employees during calendar year 1977 (see instructionD). . . . 2. 1. 1 1 ee ee
12 Enter the lesser of (a) 10% of line 11 or (b) 20% of line9. ©. 1 1 1 ee ee ee ee
13 Tentative new jobs credit—Add lines 10 and 12 (members of a group of trades or businesses that are under common control,
electing small business corporations, partnerships, and estates or trusts, see instruction for line 13) . .
Limitation
14 (a) Individuals—Enter amount from line 37, page 2, Form 1040. . . . wo

15

(b) Estates and trusts—Enter amount from line 26 or 27, page 1, Form 1041. . . .
(c) Corporations—Enter amount from line 9, Schedule J, page 3, Form 1120. . . .

(a) Credit for the elderly (individuals only). «©. 6. 6 6 1 ee ee ee
(b) Foreign tax credit 2... 6 6 ee ee ee ee ee
(c) Investment credit 2. 6. ee ee
(d) WIN credit 2 6 6 we ee ee
(e) Contributions to candidates for public office credit (individuals only). . .

(f) Child and dependent care expenses credit (individuals only) .
(g) Possession tax credit (corporations only)... woe
(h) Tax on lump-sum distributions (see instruction for line 15(h)) . see te

(i) Section 72(m)(5) penalty tax. . - 6 ee ee ee ee ee
16 Total (add lines 15(a) through (i)) . . 6 6 1 ew te ew ee eee eee soe
17 Line 14 less line 16. (All filers, other than shareholders, partners, or ‘beneficiaries to which lines 18, 19, or
20 apply, are to skip lines 18 through 21; enter zero on line 22, and complete lines 23 through 25)... .
18 Shareholder’s new jobs credit from Schedule K-1 (Form 1120S) (See instruction for line 13). .
19 Partner's new jobs credit from Schedule K-1 (Form 1065) (See instruction forline13). . . . . . « .
20 Beneficiary’s new jobs credit from Schedule K-1 (Form 1041) (See instruction forline13). . . . . .
21 (a) Line 18 limitation (enter the lesser of line 18 or the amount computed in accordance with the formula
in the instruction for line 21). . . . - hoe eee soe oa
(b) Line 19 limitation (enter the lesser of line 19% or the amount computed in ‘accordance with the formula
in the instruction for line 21). 2 1 6 ee we ee ee ee
(c) Line 20 limitation (enter the lesser of line 20 or the amount computed in accordance with the formula
in the instruction for line 21)... 6 6 ee ee ee ee
22 Add lines 21(a), (b), and (C). ee ee
23 Linel7lessline22 - - ee ee ee
24 Enter the lesser of line 13 or line 23... ee ee ee ee ee ee ee ee
25 Total allowable new jobs credit (add lines 22 and 24). Enter here and on line 44, Form 1040; line 10(d),
Schedule J, page 3, Form 1120; or the appropriate line on other returns. . . . . wee

235-204-1 US. GOVERNMENT PRINTING OFFICE : 1977—-0-235-204

Form 5884 11977)