Form Pit-B - New Mexico Allocation And Apportionment Of Income Schedule 2005 Page 2
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2*50590200*
2005 PIT-B (page 2)
NEW MEXICO ALLOCATION AND APPORTIONMENT
OF INCOME SCHEDULE
YOUR SOCIAL SECURITY NUMBER
- - -
WORKSHEET FOR APPORTIONMENT OF BUSINESS AND FARM INCOME
See worksheet instructions for definitions relating to the apportionment factors below.
Column 2
Column 1
1.
PROPERTY FACTOR
New Mexico
Total Everywhere
a.
Average value of real and tangible
personal property owned or rented by
1a
0 0
0 0
the taxpayer and used during tax period ........
Column 3
Factor
b.
DIVIDE column 2 by column 1.
__.__ __ __
(Compute to 3 decimal places.) .......................................................................................................................................... 1b
2.
PAYROLL FACTOR
2a
0 0
0 0
a.
Compensation paid by taxpayer .....................
b.
DIVIDE column 2 by column 1.
__.__ __ __
(Compute to 3 decimal places.) ......................................................................................................................................... 2b
3.
SALES FACTOR
3a
0 0
0 0
a.
Total sales excluding nonbusiness income ....
b.
DIVIDE column 2 by column 1.
__.__ __ __
(Compute to 3 decimal places.) .......................................................................................................................................... 3b
__.__ __ __
4.
Total of lines 1b, 2b and 3b ........................................................................................................................................................... 4
5.
DIVIDE line 4 by the number of factors used and enter here.
__.__ __ __
(Compute to 3 decimal places.) .................................................................................................................................................... 5
MULTIPLY the amount on line 9, column 1 on page 1 of this schedule by the decimal amount on line 5 of this worksheet.
Enter the result on line 9, column 2.
If you are a manufacturer who has elected to use the Section 7-4-10(B) method of apportionment,
enter the taxable year end for which the election was first effective
and see instructions for adjustments to lines 3b and 5.
month
year
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