Franchise Tax Computation Worksheet - Kansas Secretary Of State
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1
2Franchise Tax Computation Work Sheet
Please use this work sheet to compute the corporation’s franchise tax and submit that amount payable to the secretary of state. Upon
completion of the work sheet, discard it or keep it for your files. Do not mail the work sheet to the secretary of state’s office.
*HELPFUL REMINDERS (The “zero rule”) If the corporation has a zero entry in “Total in KS” and a zero entry in “Total Everywhere,”
the “Percent to KS” is 100 percent, not 0 percent (K.S.A. 17-7501). (See example below.) If the corporation has a numerical entry other
than zero in “Total in KS” and a zero entry in “Total Everywhere,” “Percent to KS” is 100 percent, not 0 percent. (See example below.)
Total in KS
Total Everywhere
Percent to KS
1. Average value of real and tangible
personal property owned or rented
during the taxable year:
$__________
divided by
$__________
=
_________%*
2. Compensation paid:
$__________
divided by
$__________
=
_________%*
3. Sales:
$__________
divided by
$__________
=
_________%*
4. Average percentage of the three
percentages (Add percentages and divide by three):
__________%
Tax Computation
5. Net Worth (Total shareholders equity):
$__________
6. Average percent (line 4):
__________%
7. Multiply line 5 by line 6:
$____________
8. Multiply line 7 by .002. This is the franchise tax:
$____________
15
9. Administrative fees:
$____________
10. Total Due (line 8 + line 9)
$____________
The minimum amount due is $55 and the maximum amount due is $5,015.
Please make checks payable to the Secretary of State. Do not send cash.
EXAMPLE
Total in KS
Total Everywhere
Percent to KS
1. Average value of real and tangible
personal property owned or rented
100
0
0
during the taxable year:
(
)
$__________
divided by $__________
=
_________%*
Zero rule applies
50
100
200
2. Compensation paid:
$__________
divided by $__________
=
_________%*
300
100
(
)
0
Zero rule applies
3. Sales:
$__________
divided by $__________
=
_________%*
4. Average percentage of the three
83
(
)
250 divided by 3
percentages (Add percentages and divide by three):
_________%
Tax Computation
40,000
5. Net Worth (Total shareholders equity):
$__________
83
6. Average percent (line 4):
_________%
33,200
40,000
7. Multiply line 5 by line 6:
(
)
$__________
x .83
66
8. Multiply line 7 by .002. (This is the franchise tax):
$__________
15
9. Administrative fees:
$__________
81
10. Total Due:
$__________
3/4
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