Form Sc2220 - Underpayment Of Estimated Tax By Corporations - 2015 Page 2
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1
2
3SC2220 (2015)
Page 2
Part IV
Figuring the Penalty
(a)
(b)
(c)
(d)
17
Enter the date of payment or the 15th day of the 3rd month after
the close of the tax year, whichever is earlier (SC 990-T filers:
17
Use 5th month instead of 3rd month.) . . . . . . . . . . . . . . . . . . . . .
18
Number of days from due date of installment on line 7 to the date
18
shown on line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
19
Number of days on line 18 after 4/15/15 and before 7/1/15 . . . . .
Number of days on line 19
20
$
$
$
$
20
Underpayment on line 15 x
x
3%
365
21
21
Number of days on line 18 after 6/30/15 and before 10/1/15 . . . .
Number of days on line 21
$
$
$
$
22
22
Underpayment on line 15 x
x
3%
365
23
23
Number of days on line 18 after 9/30/15 and before 1/1/16 . . . . .
Number of days on line 23
$
$
$
$
24
24
Underpayment on line 15 x
x
3%
365
25
25
Number of days on line 18 after 12/31/15 and before 4/1/16 . . . .
Number of days on line 25
$
$
$
$
26
26
Underpayment on line 15 x
x
*%
366
27
27
Number of days on line 18 after 3/31/16 and before 7/1/16 . . . . .
Number of days on line 27
$
$
$
$
28
28
Underpayment on line 15 x
x
*%
366
29
29
Number of days on line 18 after 6/30/16 and before 10/1/16 . . . .
Number of days on line 29
30
$
$
$
$
30
Underpayment on line 15 x
x
*%
366
31
31
Number of days on line 18 after 9/30/16 and before 1/1/17 . . . . .
Number of days on line 31
$
$
$
$
32
32
Underpayment on line 15 x
x
*%
366
33
33
Number of days on line 18 after 12/31/16 and before 2/16/17 . . .
Number of days on line 33
$
$
$
$
34
34
Underpayment on line 15 x
x
*%
365
35
$
$
$
$
35
Add lines 20, 22, 24, 26, 28, 30, 32 and 34 . . . . . . . . . . . . . . . . .
36
Penalty. Add columns (a) through (d), of line 35. Enter the total here and on SC1120, line 17; or the
36
$
comparable line for other income tax returns . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Use the penalty interest rate for each calendar quarter, which the Department of Revenue will determine during the first month
*
in the preceding quarter. These rates are published quarterly in Information Letters, available at
30992028
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