California (Incentive Stock Option)

1998 1999
Wages 100,000 100,000)
Long-term capital gain            0 249,000)
Adjusted gross income 100,000 349,000)
Other taxes 2,200 2,200)
Residential mortgage interest 10,000 10,000)
Less deductions phased out            0   (9,760))
Itemized deductions   12,200      2,440)
Standard deduction      2,642)
Taxable income   87,800 346,358)
Regular tax 6,517 30,563)
Minimum tax credit 0 (12,946)
Alternative minimum tax   12,946            0)
Total California tax   19,463   17,617)

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