Form Rev-803 - Schedule C-7 Credit For Tax Paid By Affiliated Entities Page 5

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PART II. Credits Allowed & Limitations
Computing the Credits Allowed
Line 1
Enter the total liability due from Part I, Line 6.
Line 2
Enter the apportionment proportion used for the corporate net income tax from RCT-101, Schedule C-1, Line 5.
Line 3
Multiply Line 1 by Line 2.
Computing the Limitations to the Credit
Line 4
Enter the total add-back for the intangible expenses and related interest expense or cost from Schedule C-6, Part I,
Line 11.
Line 5
Enter the apportionment proportion used for the corporate net income tax from RCT-101, Schedule C-1, Line 5.
Line 6
Multiply Line 4 by Line 5.
Line 7
Enter the PA corporate net income tax rate.
Line 8
Multiply Line 6 by Line 7.
Line 9
Enter the smaller of Line 3 or Line 8.
REV-803
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