Form 220 - Underpayment Of Estimated Tax By Corporations - 1998 Page 3
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4Form 220 (1998) Page 3
Part C Interest Calculation
(a)
(b)
(c)
(d)
*
x
% x (the underpayment on line 11
53 Number of days on line 45
+ compounding, if applicable) ....
53
366
54 Add lines 46 through line 53 ............................................................
54
55
55 Interest - add columns (a) through (d), line 54. Enter the total here and on page 1, Part C, line 15 .........................................................
* (TO BE ANNOUNCED)
Form 220 Worksheet
Worksheet to Figure Required Installments Using the Annualized Income
or Adjusted Seasonal Installment Methods Under IRC § 6655(e)
(a)
(b)
(c)
(d)
Part I
Annualized Income Installment Method
Period
First
First
First
First
Months
Months
Months
Months
1 Annualization periods - see instructions ..........................................................................
1
2 Enter taxable income for each annualization period .......................................................
2
3 Annualization amounts - see instructions.........................................................................
3
4 Annualized taxable income. Multiply line 2 by line 3. ......................................................
4
5 Calculate the tax on the amount in each column on line 4 - see instructions .................
5
6 Enter tax from recapture of tax credits for each payment period - see instructions ........
6
7 Subtotal tax - add lines 5 and 6 .......................................................................................
7
8 For each period, enter the amount of tax credits. See instructions .................................
8
9 Tax after credits - subtract line 8 from line 7. If zero or less, enter zero .........................
9
10 Enter correctional industries recapture tax for each period - see instructions ................
10
11 Total Arizona tax liability - add lines 9 and 10 .................................................................
11
22.5%
45%
67.5%
90%
12 Applicable percentage ....................................................................................................
12
13 Multiply line 11 by line 12 ................................................................................................
13
14 Add the amounts in all preceding columns of line 46 - see instructions .........................
14
15 Annualized income installments. Subtract line 14 from line 13.
If zero or less, enter zero ................................................................................................
15
Part II
Adjusted Seasonal Installment Method
(Caution: Use this method only if the base period percentage for any 6 consecutive
months is at least 70%. See the instructions for more information.)
(a)
(b)
(c)
(d)
Period
First 3
First 5
First 8
First 11
Months
Months
Months
Months
16 Enter taxable income for the following periods:
16
a Taxable year beginning in 1995 .................................................................................
16b
b Taxable year beginning in 1996 .................................................................................
16c
c Taxable year beginning in 1997 .................................................................................
17 Enter taxable income for each period for taxable year beginning in 1998 .................... 17
ADOR 06-0030 (98)
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