Form 228/11npf - Net Profits License Fee Return - 2011 Page 2
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1
2WORKSHEET 1 − Calculation of Adjustment Net Business Income
Please complete the column that relates to your form of business
Individual
Partnership
Corporation
1. Non−employee compensation as reported on Form 1099−Misc reported
as other Income on federal Form 1040 (Attach Federal Schedules)
2. Net profit or (loss) per Federal Schedule C of Form 1040
(Attach Form 1040 and applicable schedules)
3. Capital gain from Federal Form 4797 or Form 6252
reported on schedule D of Form 1040 (Attach Federal Schedules)
4. Rental income or (loss) per Federal Schedule E of Form 1040
(Attach Form 1040 and applicable schedules)
5. Net farm profit or (loss) per Federal Schedule F of Form 1040
(Attach Form 1040 and applicable schedules)
6. Ordinary gain or (loss) on the sale of property used in a
trade or business per Federal Form 4797 (Attach Federal Schedules)
7. Ordinary income or (loss) per Federal Form 1065
(Attach Form 1065 and applicable schedules)
8. Taxable income or (loss) per Federal Form 1120 or 1120A
or Ordinary income or (loss) per Federal Form 1120S
9. State Income Taxes and Occupational License Fees deducted
on the Federal Schedule C, E, F or Form 1065, 1120, 1120A or 1120S
10. Additions from Schedule K of Form 1065 or Form 1120S
11. Net operating loss deducted on Form 1120
12. Total Income − Add lines 1 through line 11
13. Subtractions from Schedule K of Form 1065 or Form 1120S
14. Alcholic Beverage Sales Deduction (Attach computation)
ttach Schedule
15. Other Adjustments (A
) (See Instructions)
ttach schedule
16. Non−Taxable Income (A
)
17. Professional Expenses not reimbursed by the partnership
(Attach schedule)
Total Deductions − Add lines 13 through line 17
18.
Adjusted Net Profit − Subtract Line 18 from Line 12.
19.
Enter here and on line 1 of Section 2 on the front page.
SECTION 2: CALCULATION OF ALLOCATION PERCENTAGE
All licensees whose business operations were not conducted entirely within the Urban County must complete this section
Column A
Column B
Column C
Apportionment
factors
Within the Urban County
Total Everywhere
A/B=C
Sales factor
1.
$
$
(see instructions)
2.
Payroll factor
$
$
(see instructions)
3. Total percentages
%
4.Apportionment percentages (If your business had both factors, then divide line 3 by two (2).
However, if the business had only one factor, enter the single factor percentage here
%
and Line 2 in Section 2.
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