Form Rct-124 - Underwriting Profits Tax - Domestic & Foreign Marine Insurance - Pennsylvania Department Of Revenue Page 4
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1
2
3
4Column 4 - Enter Federal Tax Expenses.
NOTE: If the company is li-
Line 7 - Specific Marine Expenses
censed to write ocean marine
Incurred
Column 5 - Enter Rent Expenses.
premiums in Pennsylvania, this re-
Enter the amount from Schedule F, Col-
port must be filed whether or not
Column 6 - Enter Printing and Sta-
umn 8, Item d.
ocean marine premiums were writ-
tionery Expenses.
Line 8 - Portion of General
ten in Pennsylvania for that partic-
Column 7 - Enter all Other Expenses.
Expenses Chargeable to U.S.
ular year.
Marine Premiums
Column 8 - Total General Expenses
PAGE 2
Multiply Schedule G, Item e by Schedule
Enter the sum of Columns 2 through 7.
G, Column 8, Item d.
Enter the totals of Columns 2
CALCULATION OF TAx
through 8 on Item d.
Line 9 - Total Deductions
Line 1 - Net Marine Insurance
Enter the total of Line 6 through 8.
Item e: Three year ratio of U.S. Marine
Premiums
Premiums to Total Net Premiums for All
Line 10 - Net Marine Underwriting
Enter the amount from Schedule A, Col-
Classes of Business Within the U.S.
umn 6, Item d.
Profit on Business Written Within
the U.S.
Enter the result of Schedule A, Column
Line 2 - Net Unearned Marine
Enter the difference of Line 5 minus Line 9.
4, Item d divided by Schedule C, Col-
Premiums on U.S. Business
umn 4, Item d.
(beginning of 4 year period)
Line 11 - Apportionment
Enter the amount from Schedule D, Col-
Enter the amount from Schedule G,
NOTE: Calculate to six decimal
umn 7, Item a.
Item f. This figure is to be expressed as
places.
Line 3 - Total
a decimal (x.xxxxxx)
Item f: Three year ratio of Net Marine
Enter the total of Lines 1 and 2.
Line 12 - Net Marine Underwriting
Premiums Written Within Pennsylvania
Line 4 - Net Unearned Marine
to Total Net Marine Premiums Written
Profit on Business Written Within
Premiums on U.S. Business
Within the U.S.
Pennsylvania for Three Years
(end of 4 year period)
Multiply Line 10 by Line 11. If Line 10 is
Enter the result of Schedule B, Column
Enter the amount from Schedule D, Col-
negative, enter zero.
4, Item d divided by Schedule A, Col-
umn 7, Item d.
umn 4, Item d.
Line 13 - Average Net Marine
Line 5 - Net Marine Premiums Earned
Underwriting Profit on Business
NOTE: Calculate to six decimal
Enter the difference of Line 3 minus Line 4.
Within Pennsylvania for One Year
places.
Line 6 - Net Marine Losses Incurred
Multiply Line 12 by one third.
Attach Copy of the Pennsylvania
on Business Written Within the
Line 14 - Tax
Business Page and Schedule T of the
United States
Multiply Line 13 by 5 percent (0.05).
Annual Report filed with the Penn-
Enter the amount from Schedule E,
sylvania Insurance Department.
Column 6, Item d.
Carry the tax to RCT-124, Page 1, Line 1.
RCT-124
4
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