City Of Hubbard Income Tax Return Page 2

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DISREGARD THIS PAGE IF ENTIRE TAXABLE INCOME IS FROM SALARY AND WAGES
ATTACH ALL FEDERAL FORMS AND SCHEDULES
SCHEDULE A -
PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION - SOLE PROPRIETORSHIP - PARTNERSHIP - OR CORPORATION
1. NET PROFIT (OR LOSS) FROM BUSINESS OR FROFESSION (ATTACH FEDERALFORMS AND SCHEDULES)........$___________
2. A. ITEMS NOT DEDUCTIBLE (Schedule X, Line F)............................................Add $________________
B. ITEMS NOT TAXABLE (Schedule X, Line K)...............................................Deduct $________________
C.ENTER EXCESS LINE 2A OR 2B...................................................................................................................$___________
3. A. ADJUSTED NET INCOME (Line 1 Plus / Minus Line 2C) IF SCHEDULE X IS USED.........................................$___________
B. AMOUNT ALLOCABLE TO HUBBARD IF SCHEDULE Y STEP 5 IS USED__________% OF LINE 3A....................$___________
SCHEDULE X - RECONCILIATION WITH FEDERAL INCOME TAX RETURN
ITEMS NOT DEDUCTIBLE
ADD
ITEMS NOT TAXABLE
DEDUCT
A. CAPITAL LOSS...................................................$_________
G. CAPITAL GAINS...................................................$_________
B. EXPENSES INCURRED IN THE PRODUCTION OF
H. INTEREST INCOME.......................................$_________
NON TAXABLE INCOME....................................$_________
I. DIVIDENDS....................................................$_________
C. CITY OR STATE INCOME TAXES....................$_________
J. OTHER (PROVIDE EXPLANATION)...............$_________
D. PAYMENTS TO PARTNERS............................$_________
K. TOTAL DEDUCTIONS
............$_________
(ENTER LINE 2B)
E. OTHER (PROVIDE EXPLANATION)...............$_________
..$_________
F. TOTAL ADDITIONS
(ENTER LINE 2A)..........
SCHEDULE Y- BUSINESS APPORTIONMENT FORMULA
A. Located
B. Located
C. Percentage
Everywhere
in Hubbard
(B / A)
$__________
$__________
Step 1. Original cost of real and tangible personal property.................................
$__________
$__________
Gross annual rentals multiplied by 8......................................................
Total step 1.............................................................................................
$__________
___________
$__________
Step 2. Total wages, salaries, commissions and other compensation
$__________
$__________
___________
of all employees....................................................................
$__________
$__________
___________
Step 3. Gross receipts from sales and work or services performed.................
___________
Step 4. Total percentages..................................................................................................................................
___________
Step 5. Average percentage
......
(DIVIDE TOTAL PERCENTAGE BY NUMBER OF PERCENTAGES USED. ENTER ON SCHEDULE A. LINE 3.B)

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