California (Non-Qualified Stock Option)
| 1998 | 1999 | |
|---|---|---|
| Wages | 100,000) | 100,000) |
| Additional compensation | ||
| from non-qualified option | 199,000) | |
| Long-term capital gain | 0) | 50,000) |
| Adjusted gross income | 299,000) | 150,000) |
| Other taxes | 2,200) | 2,200) |
| Residential mortgage interest | 10,000) | 10,000) |
| Less deductions phased out | (9,760) | (2,150) |
| Itemized deductions | 2,440) | 10,050) |
| Standard deduction | 2,583) | 0) |
| Taxable income | 296,417) | 139,950) |
| Regular tax | 25,955) | 11,403) |
| Exemption credit | 0) | (132) |
| Total California tax | 25,955) | 11,271) |