Underpayment of 2023 Estimated                         WORKSHEET
   2023
VERMONT             Individual Income Tax                                  IN-152
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Taxpayer Information                                                                                                                                        Page 1
             Taxpayer’s Last Name                               First Name                       MI                           Social Security Number

      Spouse’s/CU Partner’s Last Name                           First Name                       MI                           Social Security Number

Required Annual Payment
  1.  90% of 2023 VERMONT TAX MINUS CREDITS: 
      (Form IN-111,    Line 20 minus Line 25c, multiplied by 90% (0.90)) . . . . . . . . . . . . . . . . . . . . . . . . .1.  __________________________.00 
  2.  100% of 2022 VERMONT TAX MINUS CREDITS: 
      (Form IN-111, Line 20 minus Line 25c). ................................. . . . . . . . . . . . . . 2.  __________________________ .00

  3. Enter the lesser of Line 1 or Line 2. ......................................... . . . . . . . . . . . . . 3.  __________________________ .00

Calculations                                                                 DUE DATES OF QUARTERLY PAYMENTS
CALCULATION OF UNDERPAYMENT                                               April 15, 2023  June 15, 2023  Sept. 15, 2023  Jan. 15, 2024              Totals

4.   Tax payments required per quarter (Multiply Line 3 by .25) ..
5a.  From 2023 Form IN-111, add Lines 25a, 25d, and 25e, 
     then multiply by 25% (0.25) per quarter .................                                                                                                     
                                                                                                                                                            IN-152
5b.  Enter 2022 carryforward and 2023 quarterly estimated  
     payments made by the due date per quarter ...............
5c.  Add Lines 5a and 5b.  Each quarter should not equal 
     more than Line 4; apply any excess to the next quarter ......
6.  Underpayment per quarter (Subtract Line 5c from Line 4).                                                                                                1 - 1
     This line cannot be less than zero. ......................
7.  Date FULL payment was made or April 15, 2024, 
     whichever date is earlier. ............................
CALCULATION OF INTEREST
8a.  Number of days AFTER the due date to the date reported on  
     Line 7 for each quarter, or Jan. 1, 2024, whichever date is earlier
8b.  Number of days FROM Jan. 1, 2024 to the date payment was  
     made on Line 7 for each quarter, or April 15, 2024, whichever date 
     is earlier.  4th quarter:  Use number of days from Jan. 15, 2024. ...
9a.  Interest due for 2023 (Divide Line 8a by 365, multiply  
     by 4.00% (0.04), then multiply by Line 6) ................
9b.  Interest due for 2024 (Divide Line 8b by 365, multiply  
     by 8.00% (0.08), then multiply by Line 6) ................

10.  Interest due per quarter (Add Lines 9a and 9b) ............

11.  Total underpayment interest due (Add Line 10 columns) .....................................................              11.
CALCULATION OF PENALTY
12.  Number of months FROM the due date of that quarter to 
     the date shown on Line 7 (a portion of a month counts 
     as a whole month)  ..................................
13.  Penalty due per quarter (Multiply Line 12 by 1% (0.01) 
     then by Line 6) ....................................

14.  Total underpayment penalty due (Add Line 13 columns) ..................................................... 14.
TOTAL INTEREST AND PENALTY
15.  Total underestimated interest and penalty due (Add Lines 11 and 14) ........................................... 15.
                                                                                                                              Worksheet IN-152
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             5433                                                                                                             Rev. 10/23