Form Al-1120 - Corporate Income Tax Return - City Of Albion

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.

Located in

Located

Percentage

Albion

Everywhere

(A/B)

Property Factor

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, and enter 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.

5. Total additions. Add lines 1 through 4 and enter on AL-1120, line 13 ........................................ 5.

6. Interest from U.S. obligations and from United States governmental units .... 6.

7. Dividends received deduction (exclude dividends in line 6 above)................. 7.

8. Foreign tax deduction ..................................................................................... 8.

9. Other (attach schedule) .................................................................................. 9.

10. Total deductions. Add lines 6 through 9 and enter on AL-1120, line 15................................... 10.

AL-1120 Page 3

Form Al-1120 - Corporate Income Tax Return - City Of Albion - 1999 Page 3