Form Fid-1 - New Mexico Fiduciary Income Tax Return

2004 NEW MEXICO FID-B Schedule 2

BUSINESS INCOME APPORTIONMENT FORMULA

Name of estate or trust as shown on page 1 of Form FID-1

Federal EIN of estate or trust

THIS SCHEDULE MUST BE COMPLETED BY ESTATES OR TRUSTS HAVING INCOME FROM BOTH INSIDE AND OUTSIDE NEW MEXICO.

SEE INSTRUCTIONS BEFORE COMPLETING THIS SCHEDULE

Column 1

Column 2

Percent

everywhere

within New Mexico

PROPERTY FACTOR

Average annual value of inventory .....................................................

Average annual value of real and personal property .........................

Rented property (Annual rental value times eight) .............................

Total property .......................................................................................

Property factor (Total property, column 2 divided by column 1) ...................................................................................

PAYROLL FACTOR

Wages, salaries, commissions and other compensation

of employees related to apportionable income ......................................

Payroll factor (Column 2 divided by column 1) ..............................................................................................................

SALES FACTOR

Gross receipts ......................................................................................

Sales factor (Column 2 divided by column 1). ...............................................................................................................

Total percent (Add lines 1, 2 and 3) .............................................................................................................................

AVERAGE PERCENT (DIVIDE LINE 4 BY 3. If one or more of the factors is excluded,

divide by the number of factors present). ....................................................................................................................

Each percentage above must be calculated to two decimal places (example 22.46%).

If you are a manufacturer who has elected to use the Section 7-4-10(B) method of apportionment,

enter the tax year end for which the election was first effective,

____________________

Month/Year

and see instructions for adjustments to lines 3 and 5.