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How to figure 1948 state income tax due April 15
States tax guidance explains computing 1948 income tax using long Form 201 with 2 to 7 percent rates. Enter 90 percent of totals in lines 15a and 16, then 17 and 18 for the normal tax including the war bonus. Include net capital gains and unincorporated business tax in line 19 and 19a. Short form 200 flows similarly with 90 percent in lines 9 and 11. Taxes are split eight ninths for general purposes and one ninth for the war bonus account.
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Income Tax Bureau