Form Fid-1 - New Mexico Fiduciary Income Tax Return

2001 NEW MEXICO FID-B Schedule 2

BUSINESS INCOME APPORTIONMENT FORMULA

Name of estate or trust as shown on page 1 of Form FID-1

Name and title of fiduciary

Federal EIN of estate or trust

THIS SCHEDULE MUST BE COMPLETED BY ESTATES OR TRUSTS HAVING INCOME FROM BOTH INSIDE AND OUTSIDE NEW MEXICO.

SEE INSTRUCTIONS BEFORE COMPLETING THIS SCHEDULE

For manufacturers electing to apportion income utilizing the four-factor method,

enter date election submitted __________________. (See instructions on page 7.)

Column 1

Column 2

Percent

everywhere

within New Mexico

PROPERTY FACTOR

Average annual value of inventory .....................................................

Average annual value of real and personal property .........................

Rented property (annual rental value times eight) ..............................

Total property .......................................................................................

Property factor (total property, column 2 divided by column 1) ....................................................................................

PAYROLL FACTOR

Wages, salaries, commissions and other compensation

of employees related to apportionable income ......................................

Payroll factor (column 2 divided by column 1) ..............................................................................................................

SALES FACTOR

Gross receipts ......................................................................................

Sales factor (column 2 divided by column 1). (See Note 1 below) .............................................................................

Total percent (lines 1, 2 and 3) .....................................................................................................................................

AVERAGE PERCENT (DIVIDE LINE 4 BY 3. If one or more of the factors is excluded,

divide by the number of factors present). (See Note 1 below) ..................................................................................

Each percentage above must be calculated to two decimal places (example 22.46%).

Note 1: See instructions on page 7 for adjustments to these lines if you are a qualified manufacturer who has elected to use the

four-factor method of apportionment, per Section 7-4-10 NMSA 1978.