Form 480.20(I) - Corporation Of Individuals Informative Income Tax Return Page 2
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2
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4Form 480.20 (I) Rev. 03.99
Corporation of Individuals - Page 2
00
Net sales .............................................................................................................
1.
(1)
Less: Cost of goods sold or direct costs of production:
"C"
"C" or "MV"
Inventory at the beginning of the year
2.
00
(a) Materials ..............................................................
(2a)
00
(b) Goods in process .................................................
(2b)
00
(c) Finished goods or merchandise ...............................
(2c)
00
Purchase of materials or merchandise ....................................
3.
(3)
00
Direct wages .......................................................................
4.
(4)
00
Other direct costs (Detail on Part VII) ..................................
5.
(5)
00
Total (Add lines 2 through 5) ...............................................
6.
(6)
Less: Inventory at the end of the year
"C"
"C" or "MV"
7.
00
(a) Materials ..............................
(7a)
00
(b) Goods in process .................
(7b)
00
00
00
(c) Finished goods or merchandise
(7c)
00
Gross profit on sales or production .......................................................................................................................
8.
(8)
00
Loss from the sale or exchange of property used in the business ..................................................................
9.
(9)
00
Rent ...................................................................................................................................................
10.
(10)
00
Interest ...............................................................................................................................................
11.
(11)
00
Commissions .....................................................................................................................................
12.
(12)
00
Gain (or loss) on distributable share from special partnerships (Submit Schedule R Corporation)
13.
(13)
00
Miscellaneous income ............................................................................................................................................
14.
(14)
Total Adjusted Gross Income (Add lines 8 through 14) ......................................................................
15.
00
(15)
00
Compensation to stockholders or officers (Part VIII) ............................................
16.
(16)
00
Salaries, commissions and bonuses to employees ..............................................
17.
(17)
00
Commissions to businesses ...............................................................................
18.
(18)
00
Social security tax (FICA) ...................................................................................
19.
(19)
00
Unemployment tax .............................................................................................
20.
(20)
00
State Insurance Fund premiums .....................................................................................
21.
(21)
00
Medical or hospitalization insurance ...................................................................
22.
(22)
00
Insurance ..........................................................................................................
23.
(23)
00
Interest ..............................................................................................................
24.
(24)
00
Rent ..................................................................................................................
25.
(25)
00
Property tax: (a) personal _________________ (b) real _________________ ......
26.
(26)
00
Other taxes, patents and licenses (Submit detail) ................................................
27.
(27)
00
Losses from fire, storm, other casualties or theft ........................................................
28.
(28)
00
Motor vehicle expenses ....................................................................................................
29.
(29)
00
Meal and entertainment expenses (Total ________________) ..............................
30.
(30)
00
Travel expenses .................................................................................................
31.
(31)
00
Professional services .........................................................................................
32.
(32)
00
Contributions to pensions and other qualified plans .............................................
33.
(33)
00
Current depreciation and amortization (Submit Schedule E Corporation) .............
34.
(34)
00
Flexible depreciation (Submit Schedule E Corporation) .......................................
35.
(35)
00
Accelerated depreciation (Submit Schedule E Corporation) .................................
36.
(36)
00
Bad debts (See instructions) ...........................................................................................
37.
(37)
00
Charitable contributions .....................................................................................
38.
(38)
00
Organization and syndication ..........................................................................................
39.
(39)
00
Deduction for employers who employ handicapped persons ................................
40.
(40)
00
Other deductions (Submit detail) ........................................................................
41.
(41)
00
Total deductions (Add lines 16 through 41) ........................................................................................
(42)
42.
Net operating income (or loss) (Subtract line 42 from line 15. Enter on Part II, line 5) ........................
(43)
43.
00
00
00
Salaries, wages and bonuses ......
Repairs ..............................................
1.
8.
(8)
(1)
00
00
Social security tax (FICA) ............
Utilities ...............................................
2.
9.
(9)
(2)
00
00
Unemployment tax ..........................
Current depreciation (Submit Schedule E)
3.
10.
(10)
(3)
00
00
State Insurance Fund premiums .
Flexible depreciation (Submit Schedule E)
4.
11.
(11)
(4)
Medical
or
hospitalization
Accelerated depreciation (Submit
5.
12.
00
00
insurance ...................................
Schedule E) ........................................
(12)
(5)
00
00
Other insurance ..........................
Other expenses (Submit detail) ...........
6.
13.
(13)
(6)
00
Excise taxes ................................
Total other direct costs (Add lines 1
7.
14.
(7)
through 13. Same as Part V, line 5) ....
00
(14)
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