Form Ft 1120 - Corporation Franchise Tax Report - 2011 Page 5
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82011
Corporation name
Franchise tax I.D.#
Tax year
FT 1120
Rev. 10/10
Schedule C – Allocable Income – R.C. 5733.051
Within Ohio
Total Everywhere
Note: All income, gain, loss and expense is presumed to be apportionable
business income. See instructions.
1. Amounts from Schedule B-4, lines 21 and 23 .......................................... 1.
1.
2. Nonbusiness income (attach explanation)................................................ 2.
2.
3. Total everywhere (if negative, put in parentheses; enter here and on
Schedule A, line 4) ...................................................................................................... 3.
3.
4. Total Ohio (if negative, put in parentheses; enter here and on
Schedule A, line 8).................................................................................... 4.
4.
Schedule D – Net Income Apportionment Ratio – R.C. 5733.05(B)(2)
Note: Any request for deviation from the statutory allocation and apportionment provisions must be in writing. If the denominator of any factor is
zero, the weight given to the other factors must be proportionately increased so that the total weight given to the combined number of factors used
is 100%. In computing the property, payroll and sales factors do not include the portion of property, payroll and sales to the extent such
portion relates to, or is used in connection with, the production of nonbusiness income.
(c)
Compute Schedule D on a separate
(a)
(b)
(d)
company basis even if the taxpayer
Total
Weighted
Weight
is a member of a combined report.
Ratio
Within Ohio
Everywhere
Factor
1. Property
(a) Owned (average cost) ...................
(carry to six
(b) Rented (annual rental x 8) .............
decimal places)
.
.
÷
=
(c) Total property.................................
x .20 =
1c.
.
.
÷
=
2. Payroll .................................................
x .20 =
2.
.
.
÷
=
3. Sales ...................................................
x .60 =
3.
4. Total apportionment ratio (add weighted factor column (d), lines 1c, 2 and 3). Enter here and on Schedule A,
.
line 6 and, if applicable, Schedule F, line 6 (see note in Schedule F) .................................................................
4.
Schedule D-2 – Net Worth Apportionment Ratio – R.C. 5733.05(C)(2)
Note: Complete Schedule D-2 only if the taxpayer has nonbusiness income. In apportioning net worth, adjust the numerator and denomi-
nator of the apportionment ratio from Schedule D, above, to include the portion of any real and tangible personal property, payroll and sales
related to, or used in connection with, the production of nonbusiness income allocated under R.C. 5733.051.
(c)
(a)
(b)
(d)
Compute Schedule D-2 on a separate
Total
Weighted
company basis even if the taxpayer
Ratio
Within Ohio
Everywhere
Factor
is a member of a combined report.
Weight
1. Property
a) Owned (from Sched. D, line 1a) ....
b) Adjustments ...................................
c) Rented (from Sched. D, line 1b) ....
(carry to six
decimal places)
d) Adjustments ...................................
.
.
=
÷
=
1e.
e) Total adjusted property ..................
x .20
2. Payroll
a) From Schedule D, line 2 ................
b) Adjustments ...................................
.
.
=
÷
=
2c.
c) Total adjusted payroll .....................
x .20
3. Sales
a) From Schedule D, line 3 ................
b) Adjustments ...................................
.
.
=
÷
=
3c.
c) Total adjusted sales .......................
x .60
4. Total apportionment ratio (add weighted factor column (d), lines 1e, 2c and 3c). Enter here and on
.
4.
Schedule F, line 6, even if the taxpayer is a member of a combined report.
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