Form Al-1120 - Corporate Income Tax Return - 2005 Page 3

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Schedule D – Business Apportionment Formula
Complete this schedule if business activity was conducted both within and outside the City of Albion, and the separate
accounting method was not used. See page 8 for instructions.
A
B
C
Located in
Located
Percentage
Property Factor
Albion
Everywhere
A/B
1.
Average net book value of real and tangible personal property….
1.
2.
Gross rentals of real property, multiplied by 8………………
2.
3.
Total Property. Add lines 1 and 2 in columns A and B
%
Divide Column A by Column B for percentage…………………….
3.
Payroll Factor
4.
Total wages, salaries, commissions and other compensation of
%
all employees. Divide Column A by Column B for percentage…..
4.
Sales Factor
5.
Gross receipts from sales made or services rendered.
%
Divide Column A by Column B for percentage ……………………
5.
%
6.
Total percentages. Add lines 3, 4 and 5, column C only…………………………………….…….. 6.
7.
Average percentage. Divide line 6 by 3, enter on AL-1120, line 19 …………….……………………7.
%
In determining the average percentage, if a factor does not exist for the business, the sum of the
percentages must be divided by the number of factors actually used.
Special Apportionment Formula.
If the City of Albion authorized the use of a special formula, attach a copy of the approval
letter and complete these lines.
1.
Numerator………………………………………………………………
1.
2.
Denominator……………………………………………………………
2.
3.
Percentage. Divide line 1 by line 2, enter result
on AL-1120, line 19……………………………………………….
3.
%
Schedule E - Adjustments
1.
Adjustments to income related to prior periods (see instructions)……………
1.
2.
All expenses (including interest) incurred in connection with income
not subject to Albion income tax …………………….....….……………………..
2.
3.
Albion income tax paid or accrued…………………………………………
3.
4.
Other (attach schedule)……………………………………………...……………..
4.
Total additions. Add lines 1 through 4, enter on AL 1120, line 13…………..…...…………..
5.
5.
6.
Interest from U.S. obligations and from United States Governmental units..
6.
7.
7.
Dividends received deduction (exclude dividends in line 6 above)…………..
8.
Foreign tax deduction………………………………………………...…………….
8.
9.
Other (attach schedule)……………………………………………..……………..
9.
Total deductions. Add lines 6 through 9 and enter on AL 1120, line15…………………..……..
10.
10.

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