Step-By-Step Instructions For Filling In Your Form G-45 (Periodic Return) (Page 5 of 6) in pdf

IMPORTANT: ALL taxpayers MUST complete Part V and may be subject to a penalty of 10% of the combined State and

county surcharge taxes for noncompliance.

Mary must complete the Schedule of Assignment of Taxes By District. She darkens the oval for Oahu since she did business

only in the Oahu District.

On line 22, Column a, Mary enters $15,450, which is the amount from Part II, line 17. In Column c, Mary multiplies $15,450

by the tax rate of .04 and enters $618.00 in Column c.

On line 24, Column a, Mary enters $15,450, which is the amount from Part IV, line 19, Column c. In Column c, Mary multiplies

$15,450 by the tax rate of .005 and enters $77.25 in Column c.

Mary adds lines 22 and 24 and enters the result, $695.25, on line 25.

Figure 10. Completing the Periodic Return (Form G-45)

PART VI — TOTAL PERIODIC RETURN (Figure 10)

Calculate the total amount of taxes due for the filing period in Part VI.

Step 24 — Multiply the taxable income amount on line 21, Column

Step 28 — Add the amounts in Column c of lines 21 through 24 and

a by the tax rate of .005 (line 21, Column b) and enter the result,

enter the total on line 25. This is the “TOTAL TAXES DUE”. If the

including the cents, on line 21, Column c. The result is the General

result is a negative figure, darken the “Neg” box to the right of the

Excise and Use Taxes @½ of 1% (.005) due. If the result is zero,

amount field. If this is an original return, skip to line 33 and enter

enter “0.00”.

“0.00”. You are unable to claim a refund with an original Form G-45.

Step 25 — Multiply the taxable income amount on line 22, Column

CAUTION: LINE 25 MUST BE FILLED IN. If you did not have any

a by the tax rate of .04 (line 22, Column b) and enter the result,

activity for the period, enter “0.00” here.

including the cents, on line 22, Column c. The result is the General

Step 29 — Leave line 26 blank (to be used for Amended Returns

Excise and Use Taxes @ 4% (.04) due. If the result is zero, enter

ONLY).

“0.00”.

Step 30 — Enter the amount from line 25 on line 27, “TOTAL

Step 26 — Multiply the taxable income amount on line 23, Column

AMOUNT”.

a by the tax rate of .0015 (line 23, Column b) and enter the result,

Step 31 — Leave line 28 blank (to be used for Amended Returns

including the cents, on line 23, Column c. The result is the GET on

ONLY).

Insurance Commissions @ .15% (.0015) due. If the result is zero,

Step 32 — Leave line 29 blank (to be used for Amended Returns

enter “0.00”.

ONLY).

Step 27 — Multiply the taxable income amount on line 24, Column

Step 33 — Leave line 30 blank (to be used for Amended Returns

a by the tax rate of .005 (line 24, Column b) and enter the result,

ONLY).

including the cents, on line 24, Column c. The result is the City

& County of Honolulu Surcharge Tax@½ of 1% (.005) due. If the

Step 34 — If you file a tax return after the due date, and if there is

result is zero, enter “0.00”.

tax due on the return, then you must compute penalty and interest

Page 5

Step-By-Step Instructions For Filling In Your Form G-45 (Periodic Return) Page 5

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