Form 51a102e - Kentucky Sales And Use Tax Worksheet Page 2
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1
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Step 1ùCompute Net Receipts
(continued)
Dollars
Cents
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20. Total deductions ùTotal of lines 2 through 19 (enter here and
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on line 20 below) ..............................................................................................................20
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21. Net Receipts Including TaxùLine 1 minus line 20 (enter here and
on line 21 below) ..............................................................................................................21
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Step 2ùTaxable Receipts
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22. Taxable ReceiptsùReceipts subject to tax. Divide line 21 by 1.06 (enter here
and on line 22 below) ......................................................................................................22
Step 3ùAmount of Purchases Subject to Sales and Use Tax
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23. (a) Cost of all tangible personal property purchased without payment of the
sales and use tax for business or personal use (enter here and
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on line 23(a) below) .............................................................................................23(a)
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(b) Estimated energy purchases (EDP holders only) (enter here and
on line 23(b) below) .............................................................................................23(b)
Step 4ùCompute Sales and Use Tax Due
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24. Total Taxable AmountùLine 22 plus line 23(a) and line 23(b) (enter here
and on line 24 below) ......................................................................................................24
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25. Sales and Use Taxù6% of line 24 (enter here and on line 25 below) .......................25
26. VendorÆs CompensationùDeduct 1.75% of the first $1,000 of line 25 and
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1.00% of the amount in excess of $1,000 of the total tax (line 25). Deduct
only if return and payments are timely (enter here and on line 26 below) ...............26
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27. Tax DueùLine 25 minus line 26 (enter here and on line 27 below) ..........................27
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28. Preapproved Credits (indicate credit memo date)
M M
D D
Y Y Y Y
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Enter only credits previously approved by the Revenue Cabinet. If the amount of
approved credit is greater than the amount due on line 27, claim only an amount
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equal to line 27. Remaining credit may be claimed on the next return filed
(enter here and on line 28 below) ....................................................................................28
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29. Net Tax DueùLine 27 minus line 28 (enter here and on
line 29 below) (remit via EFT) .........................................................................................29
Step 5ùCompute Total Amount Due if Filed Late
30. Penalty
No further calculations are
(a) If filed late, add 2% of line 29 for each 1- to 30-day period for which the
required if filed and paid on
return is late, penalty not to exceed 20% of line 29. Minimum penalty of
time via EFT.
$10 regardless of the amount of tax due or whether there is any tax due.
(b) If paid late, also add 2% of line 29 for each 1- to 30-day period, penalty
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not to exceed 20%, $10 minimum.
(c) If payment is not remitted via EFT, add 1/2% of line 29.
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Enter total penalty here and on line 30 below ..............................................................30
10.00
31. InterestùIf paid late, add
% per annum of line 29 from the date
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due until date paid (enter here and on line 31 below) .................................................31
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32. Total Penalty and InterestùLine 30 plus line 31(Do not enter on return) ..................32
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33. Total Amount DueùLine 29 plus line 32. If late, pay this amount via EFT
(enter here and on line 33 below) ..................................................................................33
REMIT VIA EFT
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Dollars
Cents
Dollars
Cents
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20 . Total
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28. Preapproved
deductions
credits
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21. Net receipts
29. Net tax due
including tax
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22. Taxable
30. Penalty
receipts
23. (a) Tangible
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31. Interest
personal
property
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23. (b) Energy
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33. Total
(EDP only)
amount due
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24. Total taxable
amount
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Description of Other Deductions ùList type(s) and amount(s).
25. Sales and
use tax
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26. Vendor's
180
compensation
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27. Tax due
190
51A102E9921
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I declare, under the penalties of perjury, that this return has been examined by me
and to the best of my knowledge and belief is a true, correct and complete return.
HY
Check here if an account maintenance
schedule is enclosed.
Signature
Title
Date
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