Form Al-1065 - Albion Partnership Income Tax Return - 1998 Page 4

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Located
Located in
Percentage
SCHEDULE D - BUSINESS ALLOCATION FORMULA
Everywhere
Albion
B
A
B
A
Property Factor
1.
Average net book value of real and tangible personal property
$
$
a. Gross annual rent paid for real property, multiplied by 8
%
b. TOTAL. (add lines 1 and 1a) Divide Column B by Column A for percentage
Payroll Factor
2.
Total wages, salaries, commissions and other compensation of all employee
%
(exclude partners). Divide Column B by Column A for percentage
Sales Factor
3.
Gross receipts from sales made or services rendered.
%
Divide Column B by Column A for percentage
4.
Total percentage - add the three percentages computed for lines 1b, 2 and 3 which you entered in the last
%
column (you must compute a percentage for each of lines 1b, 2 and 3)
%
5.
Average percentages (Divide line 4 by 3) - enter here and on Sch. E, Col. 4 (see note below)
NOTE: In determining the average percentage (line 5), a factor shall be excluded from the computation only when the factor does not
apply. In such cases, the sum of the percentages on line 4 shall be divided by the number of factors actually used.
If the City of Albion authorized you to use a special formula, attach a copy of the approval letter and complete these lines.
a
%
enter here
and on Sch. E, Col. 4
a. Numerator
C. Percentage
b
b. Denominator

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