Form I-1120 - Income Tax Corporate Return - City Of Ionia - 2005 Page 2

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2005

I-1120

SCHEDULE C - BUSINESS ALLOCATION FORMULA

III

Located

Located in

Percentage

Everywhere

Ionia

II/I

1a Average net book value of real and tangible personal property

1b Gross rentals of real property, multiplied by 8

1c. Total - add lines 1a and 1b

2. Total wages, salaries, commissions and other compensation paid to all employees

3. Gross receipts from sales made or services rendered

4. Total percentages - add the percentages computed in column III on lines 1c, 2 and 3

5. Average percentage (column III, line 4, divided by three - see note below and instructions) Enter here and on page 1, line 9

NOTE: In determining the average percentage (line 5), if a factor does not exist, the sum of the percentages shall be divided by the number of factors actually used.

SCHEDULE D

Schedule D is used to adjust the income reported on page 1, line 1a or 1b, to give the effect to the requirements of the Ionia Income Tax Ordinance. The

period of time used to compute items for Schedule D must be the same as the period used to report income on line 1. Schedule D entries are allowed

only to the extent they are directly related to net income as shown on page 1, line 1.

For the period from

COLUMN I

COLUMN II

Deduct - Items Not Taxable and Allowable Deductions

Add - Items Not Deductible

1. Adjustments to income relating to prior periods

6. Interest from United States obligations and from

(See instructions).............................................................................

United States governmental units...............................

2. All expenses (including interest) incurred in

7. Dividends-Received deduction....................................

connection with derivation of income not subject

8. Dividend gross up of foreign taxes..............................

to City of Ionia income tax............................................................

9. Foreign tax deduction..................................................

3. City of Ionia income tax paid or accrued.......................................

10. Other (attach schedule detailing)

4. Other (attach schedule detailing)

5. Total additions - enter on page 1, line 4.........................................

11. Total Deductions (enter on page 1, line5)..................

SCHEDULE E

Schedule E is used by Subchapter S corporations to reconcile the amount reported on line 1, page 1, I1120 with Federal Forms 1120S and Schedule K-1120S.

ATTACH FEDERAL FORM 1120S AND FEDERAL SCHEDULE K FORM 1120S

1. Ordinary income (loss) from trade or business (per Federal 1120S)............................................................................................................................................

2. Income (loss) per Schedule K, Federal 1120S (lines 2-6).............................................................................................................................................................

3. Total income (loss) - Add lines 1 and 2.........................................................................................................................................................................................

4. Deductions per Schedule K, Federal 1120S .................................................................................................................................................................................

5. Taxable income before net operating loss deduction and special deductions (subtract line 4 from line 3)

ENTER HERE AND ON PAGE 1, LINE 1, I1120..........................................................................................................................................................................

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