Form 150-101-164 - Schedule Or-Fia-Comp - Oregon Farm Income Averaging Computation Of Tax - 2016 Page 3

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2016 Schedule OR-FIA-COMP

Page 3 of 4, 150-101-164 (Rev. 12-16)

Oregon Department of Revenue

18471601030000

Computation A. (Continued)

Oregon column

6 Multiply the amount on line 5 by the recomputed

.00

Oregon percentage on line 4 .................................................................................................................. 6

7 Enter the amount from your 2014 Oregon Form 40N,

.00

line 48 ..................................................................................................................................................... 7

.00

8 Add lines 6 and 7 .................................................................................................................................... 8

.00

9 Line 3b minus line 8. Enter the result here ............................................................................................. 9

10 Figure the tax on line 9 using the 2014 Tax Tables or

Tax Rate Charts. Enter the amount here and on Form

OR-FIA-40, line 12; Form OR-FIA-40-N, line 12; or Form OR-FIA-40-P,

.00

line 11 .................................................................................................................................................... 10

Computation B. Complete if you filed Form 40P for tax year 2014.

1 If you used Schedule Z to figure your tax for 2015

enter the amounts from your 2015 Schedule Z,

Computation for Tax Year 2014, Computation B, lines

3a and 3b. If you did not income average for 2015 but

did in 2014 enter the amount from your 2014 Form

Federal column

Oregon column

FIA-40P, lines 3a and 3b. Otherwise, enter the amount

shown on your 2014 Form 40P, lines 38F and 38S

.00

(if -0- or less, see instructions) .................................................. 1a

2 Enter amount from 2016 Form OR-FIA-40, line 6; Form

.00

FIA-40-N, line 10; or Form OR-FIA-40-P, line 9 ......................... 2a

.00

3 Add lines 1 and 2 in both the federal and Oregon columns ...... 3a

4 Recompute the Oregon percentage. Divide line 3b by

line 3a (not more than 100.0%) ................................................. 4

5 Enter the amount from your 2014 Oregon Form 40P,

.00

line 47 ........................................................................................ 5

.00

6 Line 3a minus line 5. Enter the result here ............................................................................................. 6

7 Figure the tax on line 6 using the 2014 Tax Tables

.00

or Tax Rate Charts .................................................................................................................................. 7

8 Multiply line 7 by the Oregon percentage on line 4.

Enter the amount here and on Form OR-FIA-40, line 12;

.00

Form OR-FIA-40-N, line 12; or Form OR-FIA-40-P, line 11 .................................................................... 8

Computation C. Complete if you filed Form 40 for tax year 2014.

1 If you used Form FIA-40 to figure your tax for 2015,

enter the amount from 2015 Form FIA-40, line 15. If

you used Schedule Z to figure your tax for 2015 enter

the amounts from your 2015 Schedule Z, Computation

for Tax Year 2014, Computation C, line 3. If you used

Form FIA-40 for tax year 2014 but not for 2015, enter

the amount from 2014 Form FIA-40, line 3. Otherwise,

enter the amount shown on your 2014 Form 40, line 28,

.00

(if -0- or less, see instructions) ............................................................................................................... 1

2 Enter amount from 2016 Form OR-FIA-40, line 6; Form

.00

OR-FIA-40-N, line 10; or Form OR-FIA-40-P, line 9 ............................................................................... 2

.00

3 Add lines 1 and 2 .................................................................................................................................... 3

4 Figure the tax on line 3 using the 2014 Tax Tables or

Tax Rate Charts. Enter the amount here and on Form

OR-FIA-40, line 12; Form OR-FIA-40-N, line 12; or Form OR-FIA-40-P,

.00

line 11 ..................................................................................................................................................... 4