Form S-1120 - City Of Saginaw Income Tax Corporation Return - 2000 Page 2
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1
21
PROFIT (OR LOSS) FROM BUSINESS - SCHEDULE C
_______________________________
___________________________
Period from
to
Show period covered and check appropriate box to indicate data used for Schedule C.
Separate Accounting Method
Includes operations at all locations
Net Receipts
Business Deductions
Total Income
12. Compensation of
24. Net Profit or Loss
1. Gross Receipts
$
$
Officers
( Line 11 less Line 23)
13. Salaries & Wages-
2. Less: Returns and Allowances
not deducted
elsewhere
3. Net Receipts
14. Rents
25. Dividend Income
$
COST OF GOODS SOLD
15. Depreciation
26. Interest Income
4. Inventory at Beginning of Period
$
16. Contributions
27. Income from Rents
and Royalties
5. Merchandise bought for manufacture/sale
17. Taxes
6. Salaries and wages
18. Interest
28. Gain or Loss from
Sale or Exchange
7. Other Costs (attach statement)
19. Repairs
of Property
(see instructions)
8. Total (Add Lines 4 through 7)
20. Bad Debts
21. Other (attach
9. Less: Inventory at End of Period
29. Other Income
statement)
22. Other (attach
10. Cost of Goods Sold (Line 8 less Line 9)
$
$
30.Total Income
statement)
(add Lines 24
through 29)
Enter here and on
$
11.Gross Profit (Line 3 less Line 10)
$
23. Total (Add Lines
Page 1, Line 1b
12 through 22)
I
II
III
BUSINESS ALLOCATION FORMULA - SCHEDULE D
Located Everywhere
Located in Saginaw
Percentage
1. Average net book value of real and tangible personal property, including inventories
$
$
a. Gross annual rentals of real property multiplied by 8
b. TOTAL (Add Lines 1 and 1a)
%
2. Total wages, salaries, commissions and other compensation of all employees
%
3. Gross receipts from sales made or services rendered
%
4. Total Percentages- Column III, Lines 1b + 2 + 3 (you must compute a percentage of each of Lines 1b, 2 and 3)
%
5. Average Percentage (*one-third of Line 4)-enter here and on Page 1, Line 8
%
•
In determining the average percentage (Line 5), a factor shall be excluded from the computation only when such factor does not exist anywhere insofar as the taxpayer's
business operation is concerned, in such cases, the sum of the percentages shall be divided by the number of factors actually used.
In the case of a taxpayer authorized by the Administrator to use of the Special Formula, attach explanation and use the lines provided below:
c. Percentage (a ÷ b)
a. Numerator
**
b. Denominator
d. Date of Administrator's approval letter
**Enter here and on Page 1, Line 8
SCHEDULE E
SCHEDULE E is used to adjust the income reported on Page 1 on Lines 1a or 1b to give effect to the requirements of the Saginaw Income Tax Ordinance. The period of time
used to compute items for Schedule E must be the same as the time period used to report income on Lines 1a or 1b. Schedule E entries are allowed only to the extent directly
related to net income as shown on Lines 1a or 1b on Page 1.
Period from ____________________________________________to _________________________________________
Column 1
Add-Items Not Deductible
Column 2
Deduct-Items Not Taxable and Allowable Deductions
6. Interest from U. S. obligations and United States
1. Adjustments to income relating to prior periods.
$
$
governmental units
(see instructions)
2. All expenses (including interest) incurred in
7. Dividends received deduction
connection with derivation of income not subject
to
Saginaw income tax
8. Foreign tax deduction
3. Saginaw income tax paid or accrued
9. Job Credit
10. Additional depreciation due to investment
4. Other (submit schedule)
credit adjustment
5. Total Additions (enter on Page 1, Line 2)
$
11. Other (submit schedule)
12. Total Deductions (enter on Page 1, Line 4)
$
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