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Worksheet for Computation of Tax/Interest/Penalty Due

Purpose:  The following worksheet is provided for your convenience in computing the amount of tax due, and the interest and penalty due if your report (TWC Form C-3) and/or payment is late.

A. Tax Due (Item 15) computation:
Enter the Tax Rate (Item 4) and the Taxable Wages (Item 14).
  %   x   $   = $
  Enter Tax Rate (Item 4) Enter Taxable Wages (Item 14) Tax Due (Item 15)

        

B. Interest for Late Payment (Item 16) computation:   In accordance with Section 213.021 of the TUCA, interest for late payment of taxes is assessed at a rate of one and one-half percent (1.5%) of the amount of tax for each month or part of a month elapsed after the final due date.  Maximum interest = 37.5%.  

Enter the number of months payment is overdue and the tax due amount (Item 15).
    x   .015   =   x $   = $
  Enter No. of Months (Max. = .375) Tax Due (Item 15) Interest (Item 16)

        

C. Penalty for Late Report (Item 17) computation:   This is in accordance with Section 213.022 of the TUCA.  

If report is filed during the first 15 days after the final due date, the penalty is $15.00.  If not, select the period which applies to this report and enter the Taxable Wages (Item 14).
  1.   Report is filed after 15 days but not later than the last day of the month after the final due date:
  $   x   .0005   =   +   $ 30.00   = $
  Taxable Wages (Item 14)     Penalty (Item 17)
  2.   Report is filed during the 2nd month after the final due date:
  $   x   .0015   =   +   $ 60.00   = $
  Taxable Wages (Item 14)     Penalty (Item 17)
  3.   Report is filed during or after the 3rd month after the final due date:
  $   x   .0035   =   +   $ 90.00   = $
  Taxable Wages (Item 14)     Penalty (Item 17)
        

If you have any questions, contact the nearest Texas Workforce Commission Tax Office for assistance.

Where do I MAIL TAX FORMS?

E-MAIL Please e-mail questions or comments to tax@twc.state.tx.us

Return to Tax FAQ Page | Tax Information

Last Revision: July 21, 2009