Franchise Tax Computation Worksheet - 2005 Page 2
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1
2Franchise Tax Computation Work Sheet
*HELPFUL REMINDERS (The “zero rule”) If the corporation has a zero entry in “Total in KS” and a zero entry in
“Total Everywhere,” the “Percent to KS” is 100 percent, not 0 percent (K.S.A. 17-7501). If the corporation has a
numerical entry other than zero in “Total in KS” and a zero entry in “Total Everywhere,” “Percent to KS” is 100 per -
cent, not 0 percent.
Please use the following calculation for tax years ending through the year 2000:
Total in KS
Total Everywhere
Percent to KS
1. Average value of real and tangible
personal property owned or rented
during the taxable year:
$__________
divided by
$__________
=
_________%*
2. Compensation paid:
$__________
divided by
$__________
=
_________%*
3. Sales:
$__________
divided by
$__________
=
_________%*
4. Average percentage of the three percentages (Add percentages and divide by three):
__________%
Tax Computation
5. Net worth (Total shareholders equity):
$__________
6. Average percent (line 4):
__________%
7. Multiply line 5 by line 6:
$____________
8. Multiply line 7 by .001. This is the franchise tax:
$____________
15
9. Administrative fees:
$ ___________
10. Total Due (line 8 + line 9)
$____________
Please use the following calculation for tax years ending 2001 to November 2004:
Total in KS
Total Everywhere
Percent to KS
1. Average value of real and tangible
personal property owned or rented
during the taxable year:
$__________
divided by
$__________
=
_________%*
2. Compensation paid:
$__________
divided by
$__________
=
_________%*
3. Sales:
$__________
divided by
$__________
=
_________%*
4. Average percentage of the three percentages (Add percentages and divide by three):
__________%
Tax Computation
5. Net worth (Total shareholders equity):
$__________
6. Average percent (line 4):
__________%
7. Multiply line 5 by line 6:
$____________
8. Multiply line 7 by .002. This is the franchise tax:
$____________
15
9. Administrative fees:
$ ___________
10. Total Due (line 8 + line 9)
$____________
Rev. 12/105 nr
K.S.A. 17-7002
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