EFTA00621137.pdf

LEON BLACK FY 2014 INCREMENTAL INCOME APPROACH AGI AT HIGHEST LEVELS - ORDINARY EXERCISE OF NON-QUALIFIED STOCK OPTIONS STOCK SOLD IMMEDIATELY NCOME TAX REGULAR TAX CASH FMV STOCK VS OPTION EXERCISE PRICE 411,885.86 411,885.86 NYS 8.8200% 36,328.33 (36,328.33) NYC 3.8760% 15,964.70 (15,964.70) 12.6960% 52,293.03 SE TAX DEDUCTION 11,031 50% 5,515.46 AGI 2% LIMIT 2.0000% 8.127.41 AGI PEASE 3.0000% 12,191.11 NET (37,489.97) TAXABLE INCOME 374,395.89 INCREMENTAL TAX 39.60% 148,260.77 (148,260.77) SE TAX SE INCOME 411,885.86 92.35% 380,376.59 IF SE INC > $117,000, THEN SPLIT RATES 15.20% 380,377 2.90% 11.030.92 11,030.92 (11,030.92) MEDICARE TAX SE INCOME URI 411,885.86 SIRI 399,215.00 MFJ 250,000.00 WAGES - APO EST 94.404.00 155,596.00 EXCESS 655,504.86 MEDICARE TAX RATE 0.90% 5,899.54 SIRI MEDICARE TAX 0.90% 1,941.00 (3,958.54) NET AFTER TAX 196,342.59 EFTA00621137