Form 51a103e - Kentucky Accelerated Sales And Use Tax Worksheet Page 2
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1
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Step 1ùCompute Net Receipts
Dollars
Cents
(continued)
20. Total deductions ùTotal of lines 2 through 19 (enter here and on line 20
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below)
20
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............................................................................................................................
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21. Net Receipts Including Taxù Line 1 minus line 20 (enter here and on line 21
below)
21
............................................................................................................................
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Step 2ùTaxable Receipts
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22. Taxable Receiptsù Receipts subject to tax. Divide line 21 by 1.06 (enter here
and on line 22 below) .................................................................................................. 22
Step 3ùAmount of Purchases Subject to Sales and Use Tax
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23. (a) Cost of all tangible personal property purchased without payment of the
sales and use tax for business or personal use (enter here and on line
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23(a)
23(a) below) ..........................................................................................................
(b) Estimated energy purchases (EDP holders only) (enter here and on line
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23(b) below)..........................................................................................................
23(b)
Step 4ùCompute Sales and Use Tax Due
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24. Total Taxable Amountù Line 22 plus line 23(a) and line 23(b) (enter here and
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on line 24 below) .......................................................................................................... 24
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25. Sales and Use Taxù 6% of line 24 (enter here and on line 25 below) ................... 25
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26. VendorÆs CompensationùDeduct 1.75% of the first $1,000 of line 25 and 1.00%
of the amount in excess of $1,000 of the total tax (line 25). Deduct only if return
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and payments are timely (enter here and on line 26 below)....................................
26
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27. (a) Tax (line 25 minus line 26) (enter here and on line 27(a) below) ....................
27(a)
or
(b) o Estimated
o actual tax prepayment (enter here and on return
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below indicating method elected) .....................................................................
27(b)
28 (a) Credit for prior monthÆ s tax prepayments (enter here and on line 28(a)
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.
28(a)
below) .................................................................................................................
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(b) Other credits claimed (enter here and on line 28(b) below)
__ __ / __ __ / __ __ __ __
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.......................... 28(b)
(indicate credit memo date)
M M
D D
Y Y Y Y
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29. Net Tax Dueù Lines 27(a) and 27(b) minus lines 28(a) and 28(b)
(enter here and on line 29 below) (remit via EFT) .................................................
29
Step 5ù Compute Total Amount Due if Filed Late
No further cal cul atio ns are
required if filed and paid on
30. Penalty
time via EFT.
(a) If filed late, add 2% of line 29 for each 1- to 30-day period for which the
return is late, penalty not to exceed 20% of line 29. Minimum penalty of
$10 regardless of the amount of tax due or whether there is any tax due.
(b) If paid late, also add 2% of line 29 for each 1- to 30-day period, penalty
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not to exceed 20%, $10 minimum.
(c) If payment is not remitted via EFT, add 1/2% of line 29.
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Enter total penalty here and on line 30 below .......................................................... 30
10.00
31. InterestùIf paid late, add
% per annum of line 29 from the date
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due until date paid (enter here and on line 31 below) .............................................. 31
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32. Total Penalty and Interestù Line 30 plus line 31 (Do not enter on return) .............. 32
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33. Total Amount DueùLine 29 plus line 32. If late, pay this amount via EFT
(enter here and on line 33 below)................................................................................ 33
REMIT VIA EFT
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Dollars
Cents
Dollars
Cents
Tax pre-
27. (b)
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20 . Total
payment
o
deductions
Estimated
o
Actual
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28. (a)
Prior
21. Net receipts
monthÆ s
including tax
tax pre-
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payment
22. Taxable
28. (b)
Other
receipts
credits
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claimed
23. (a) Tangible
personal
29. Net tax due
property
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23. (b) Energy
30. Penalty
(EDP only)
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24. Total taxable
31. Interest
amount
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25. Sales and
33. Total
use tax
amount due
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26. Vendor's
compensation
Description of Other DeductionsùList type(s) and amount(s).
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____________________________________________
27. (a) Tax due
180
51A103E9921
190 ________________________________________________
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I declare, under the penalties of perjury, that this return has been examined by me
and to the best of my knowledge and belief is a true, correct and complete return.
H
Check here if an account maintenance
schedule is enclosed.
Signature
Title
Date
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