Form 512 - Corporation Income Tax Return - 2001 Page 3
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4Form 512 - Page 3
Schedule B
Schedule B is for computation of Oklahoma taxable income of a unitary enterprise. [Section 2358(A) (5)]
Enclose a complete copy of your Federal return.
1
Net taxable income per Federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
$
2
Add:
(a) Taxes based on income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) Federal net operating loss deduction . . . . . . . . . . . . . . . . . . . . . . . . .
(c) Unallowable deduction (enclose schedule) . . . . . . . . . . . . . . . . . . . .
(d) ____________________________ . . . . . . . . . . . . . . . . . . . . . . . . . .
(e) ____________________________ . . . . . . . . . . . . . . . . . . . . . . . . . .
Total of lines 2a through 2e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
3
Deduct all items separately allocated
$
(a) ____________________________ . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) ____________________________ . . . . . . . . . . . . . . . . . . . . . . . . . .
(c) ____________________________ . . . . . . . . . . . . . . . . . . . . . . . . . .
(d) ____________________________ . . . . . . . . . . . . . . . . . . . . . . . . . .
(e) ____________________________ . . . . . . . . . . . . . . . . . . . . . . . . . .
$
Total of lines 3a through 3e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Notes: Items listed in 2 and 3 above must be net amounts supported
by schedules showing source, location, expenses, etc.)
4
Net apportionable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
$
5
Oklahoma’s portion thereof __________________%, from schedule below . . . .
6
Add or deduct items separately allocated to Oklahoma (enclose schedule)
$
(a) ____________________________________ . . . . . . . . . . . . . . . . . . . . . . . .
(b) ____________________________________ . . . . . . . . . . . . . . . . . . . . . . . .
(c) ____________________________________ . . . . . . . . . . . . . . . . . . . . . . . .
(d) ____________________________________ . . . . . . . . . . . . . . . . . . . . . . . .
7
Oklahoma net income before tax (add lines 5 and 6) . . . . . . . . . . . . . . . . . . . . .
$
$
8
Oklahoma accrued tax (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
Oklahoma taxable income, line 7 less line 8 (enter on line 1, page 1) . . . . . . . .
$
Apportionment Formula
Column B
A divided by B
Column A
1
Value of real and tangible personal property used in
Percent Within
Total Within
Total Within and
the unitary business (by averaging the value at the
Without Oklahoma
Oklahoma
Oklahoma
beginning and ending of the tax period).
(a) Owned property (at original cost):
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciable property . . . . . . . . . . . . . . . . . . . . .
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total of section “a” . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) Rented property
(capitalize at 8 times net rental paid)
$
$
%
Total of sections “a” and “b” above . . . . . . . . . . . . . . . . .
2
Payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Less: Officers salaries . . . . . . . . . . . . . . . . . . . . . . . . .
$
$
%
Total (subtract officer salaries from payroll) . . . . . . . . . .
3
Sales :
(a) Sales delivered or shipped to Oklahoma purchasers:
(1) Shipped from outside Oklahoma . . . . . . . . . . . .
(2) Shipped from within Oklahoma . . . . . . . . . . . . .
(b) Sales shipped from Oklahoma to:
(1) The United States Government . . . . . . . . . . . . .
(2) Purchasers in a state or country where the
corporation is not taxable
.
(i.e. under Public Law 86-272)
$
$
%
Total all of sections “a” and “b” . . . . . . . . . . . . . . . . . . .
If Revenue, Traffic Units or Miles Traveled is used rather than Sales, so indicate in this space: _______________________________
%
Total percent (sum of items 1, 2 and 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
Average percent (1/3 of total percent) (Carry to line 5, Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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