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WV Account ID Number

SCHEDULE B

CORPORATE INCOME TAX - CALCULATION OF WEST VIRGINIA TAXABLE INCOME (11-24-6 and 7)

1 Federal Taxable Income - per attached federal return.......................................................................................................

2a Interest or dividends from any state or local bonds or securities..................................

U.S. Government obligation interest or dividends not exempt from state tax,

less related expenses not deducted on federal return.................................................

Income taxes or taxes based upon net income, imposed by this state or any other

jurisdiction, deducted on your federal return.................................................................

Federal depreciation/amortization for West Virginia water/air pollution control

facilities - wholly W. Va. corporations only....................................................................

Unrelated business taxable income of a corporation exempt from federal tax (IRC

512).................................................................................................................................

Federal net operating loss deduction............................................................................

Federal deduction for charitable contributions to Neighborhood Investment Programs,

if claiming the West Virginia Neighborhood Investment Programs Tax Credit................

Net operating loss from sources outside the United States..........................................

Foreign taxes deducted on your federal return..............................................................

Deduction taken under IRC§ 199 (WV Code §11-24-6a)................................................ 2j

TOTAL INCREASING ADJUSTMENTS - add lines 2a through 2j.......................................................................................

Gain on sale of property acquired prior to July 1, 1967 - Schedule B-2, line 4.............

Refund or credit of income taxes or taxes based upon net income, imposed by this

state or any other jurisdiction, included in federal taxable income.................................

Interest expense on obligations or securities of any state or its political subdivisions,

disallowed in determining federal taxable income..........................................................

Salary expense not allowed on federal return due to claiming the federal jobs credit..

Foreign dividend gross-up (IRC Section 78).................................................................

Subpart F income (IRC Section 951)..............................................................................

Taxable income from sources outside the United States...............................................

Cost of West Virginia water/air pollution control facilities - wholly W. Va. only..............

4 i

Employer contributions to medical savings accounts (W. Va. Code 33-16-15)included

4 i

in federal taxable income less amounts withdrawn for non-medical purposes...........

SUBTOTAL of decreasing adjustments - add lines 4a through 4i...................................

Schedule B-1 allowance - from Schedule B-1, line 9......................................................

TOTAL DECREASING ADJUSTMENTS - add line 5 and line 6............................................................................................

8 Adjusted federal taxable income - Line 1 plus line 3 minus line 7.....................................................................................

Wholly West Virginia corporations check here

and go to line 14, multistate corporations go to line 9

Total nonbusiness income allocated everywhere - Form WV/CNF-120APT, Sch. A line 9, Column 5................................

Income subject to apportionment - subtract line 9 from line 8............................................................................................

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West Virginia apportionment factor - Form WV/CNF-120APT, Sch. B line 8; Part 2, or Part 3, Column 3..........................

West Virginia apportioned income - Line 10 multiplied by line 11........................................................................................

Nonbusiness income allocated to West Virginia - Form WV/CNF-120APT,Sch. A line 13................................................

West Virginia taxable income - multistate corporations add lines 12 and 13, wholly West Virginia enter line 8................

West Virginia net operating loss carryforward - Schedule NOL, Column 5 total...............................................................

WEST VIRGINIA NET TAXABLE INCOME - subtract line 15 from line 14 - Enter on page 1, line 6......................................

SCHEDULE B-1

ALLOWANCE FOR GOVERNMENTAL OBLIGATIONS/OBLIGATIONS SECURED BY RESIDENTIAL PROPERTY (11-24-6(f))

Average Monthly Balance

Federal obligations and securities.....................................................................................................................................

Obligations of West Virginia and any political subdivision of West Virginia......................................................................

Investments or loans primarily secured by mortgages or deeds of trust on residential property located in West Virginia

Loans primarily secured by a lien or security agreement on a mobile home or double-wide located in West Virginia.....

TOTAL - add lines 1 through 4...........................................................................................................................................

Total assets as shown on Schedule L, Federal Form 1120 or 1120A...............................................................................

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Divide line 5 by line 6 (round to six (6) decimal places)....................................................................................................

Adjusted income - Schedule B, line 1 plus line 3 minus line 5 plus, Form WV/CNF-120APT, Sch. A, lines 10,11, & 12......

ALLOWANCE - - Line 7 multiplied by line 8, disregard sign - Enter here and on Schedule B, line 6................................

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