Article 3, Table 1, Fruit Notes 63(2)

Table 1. Taxable income and tax before averaging.

Year

Taxable income

Tax on unaveraged income

Income reported on Schedule F

Livestock and machinery gains reported on Form 4797

1995

$6,000

$900

$(14,000)

$4,000

1996

$8,000

$1,200

$(10,000)

$1,500

1997

$11,000

$1,650

$(8,500)

$2,000

1998

$132,000

$32,346

$114,000

$3,000

Total tax 1995-98

$36,096

Year	Taxable income	Tax on unaveraged income	Income reported on Schedule F	Livestock and machinery gains reported on Form 4797
1995	$6,000	$900	$(14,000)	$4,000
1996	$8,000	$1,200	$(10,000)	$1,500
1997	$11,000	$1,650	$(8,500)	$2,000
1998	$132,000	$32,346	$114,000	$3,000
Total tax 1995-98		$36,096