Form 512 - Corporation Income Tax Return - 1998 Page 3
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1
2
3
4S
B
CHEDULE
Form 512-Page 3
Computation of Oklahoma taxable income of a unitary enterprise [Section 2358(A) (5)]
$
1.
Net taxable income per federal return
...............................................................
2.
Add:
$
a. Taxes based on income
................................................................................
b. Federal net operating loss deduction
.............................................................
c. Unallowable deduction (enclose schedule)
....................................................
d.
...........................................................................................................................
$
e.
...........................................................................................................................
3.
Deduct all items separately allocated
$
a.
...........................................................................................................................
b.
...........................................................................................................................
c.
...........................................................................................................................
d.
...........................................................................................................................
$
e.
...........................................................................................................................
Items listed in 2 and 3 above must be net amounts supported by schedules
showing source, location, expenses, etc.
$
4.
Net apportionable income
.................................................................................
$
5.
Oklahoma's portion thereof _______________ %, from schedule below
..........
6.
Add or deduct items separately allocated to Oklahoma (enclose schedules)
$
a.
...........................................................................................................................
b.
...........................................................................................................................
c.
...........................................................................................................................
d. Oklahoma net operating loss deduction (enclose schedule)
..........................
$
7.
Oklahoma net income before tax (add lines 5 and 6)
.........................................
$
8.
Oklahoma accrued tax (see instructions)
...........................................................
$
9.
Oklahoma taxable income, line 7 less line 8. (enter on line 1, page 1)
.............
NOTE: Enclose a complete copy of your federal return
A
F
PPORTIONMENT
ORMULA
1.
Value of real and tangible personal property used in the
TOTAL WITHIN
TOTAL WITHIN AND
PERCENT
OKLAHOMA
WITHOUT OKLAHOMA
WITHIN OKLAHOMA
unitary business (by averaging the values at the beginning
(A) ÷ (B)
(A)
(B)
and ending of the tax period).
a. Owned property (at original cost):
Inventories
.......................................................................
Depreciable Property
.......................................................
Land
.................................................................................
Total of section a
.............................................................
b. Rented property (capitalize at 8 times net rental paid)
$
$
%
TOTAL of sections a and b above
2.
Payroll:
...................................................................................
Less - Officers salaries
..........................................................
$
$
%
TOTAL
....................................................................................
3.
Sales:
......................................................................................
a. Sales delivered or shipped to Oklahoma purchasers:
(1) Shipped from outside Oklahoma
.................................
(2) Shipped from within Oklahoma
...................................
b. Sales shipped from Oklahoma to:
(1) The United States Government
..................................
(2) Purchasers in a state or country where the
corporation is not taxable (e.g. under Public
Law 86-272)
..............................................................
%
$
$
TOTAL
...................................................................................
If Revenue or Traffic Units or Miles Traveled is used
rather than Sales, so indicate in this space
Total percent (Sum of items 1, 2 and 3)
.....................................................................................................................
%
Average percent (1/3 of total percent) (Carry to line 5 Schedule B)
..........................................................................
%
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