Income Tax Summary Return For Partnerships Or Corporations - City Of Big Rapids - 2012 Page 2

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Business Allocation Formula
Located
Located
Everywhere
in Big Rapids
Percentage
A.
B.
B ÷ A
1.
Average net book value of real and
tangible personal property
a.
Gross rent paid for real property
only 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 - Add the three percentages
computed for Lines 1b, 2, and 3 which you entered
in the last column
5.
Average percentage*
Enter here and on Line 5, Front page
*In determining the average, divide line 4 by 3. However, if a factor does not exist,
divide the sum of the percentages by the number of factors actually used.
LINE 14
A.
Interest - .0001164 per day
A.
B.
Penalty - 1% of the amount of the unpaid
B.
tax for each month of fraction thereof not
to exceed a total penalty of 25% of the
unpaid tax.
C.
Total penalty and interest but must pay
C.
a minimum of $2.00
Enter on Line 14

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