Form N-70np - Exempt Organization Business Income Tax Return - 2015 Page 2
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2FORM N-70NP (REV. 2015)
Page 2
Name as shown on return
Federal Employer Identification Number
DYF152
TAX COMPUTATION SCHEDULE
— Organizations Taxable as CORPORATIONS (See Instructions for Tax Computation)
PART I
00
1
1
Enter the amount of unrelated business taxable income as shown on page 1, line 8 . . . . . . . . . . . . . .
00
2
2
Enter the total of other deductions (see Instructions, attach schedule) . . . . . . . . . . . . . . . . . . . . . .
00
3
3
Difference — line 1 minus line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
4
4
Hawaii additions to income (see Instructions, attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . .
00
5
5
Sum of lines 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
6
6
Enter the amount of taxable net capital gain from line 18, Schedule D (Form N-30/N-70NP) . . . . . . . . . .
00
7
7
Difference — line 5 minus line 6 (if zero or less, enter zero) . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
8
(a) Tax on net capital gain — 4% of the amount on line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8(a)
(b) Tax on all other taxable income — If the amount on line 7 is:
00
8(b)(i)
(i)
Not over $25,000 — Enter 4 .4% of line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(ii)
Over $25,000 but not over $100,000 — Enter 5 .4%
00
8(b)(ii)
of line 7 $
. Subtract $250 and enter the difference . . . . . . . . . .
(iii) Over $100,000 — Enter 6 .4%
00
8(b)(iii)
of line 7 $
. Subtract $1,250 and enter the difference . . . . . . . . .
00
(c) Total of lines 8(a) and 8(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8(c)
00
(d) Using the rates listed on line 8(b), compute the tax on the amount on line 5 above . . . . . . . . . . . . .
8(d)
00
9
Total tax (enter the smaller of line 8(c) or line 8(d)) . Also, enter this amount on page 1, line 9 . . . . . . . .
9
PART II
— TRUSTS Taxable at Trust Rates (See Instructions for Tax Computation)
00
1
1
Enter the amount of unrelated business taxable income as shown on page 1, line 8 . . . . . . . . . . . . . .
00
2
2
Enter the total of other deductions (see Instructions, attach schedule) . . . . . . . . . . . . . . . . . . . . . .
00
3
3
Difference — line 1 minus line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
4
4
Hawaii additions to income (see Instructions, attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . .
00
5
5
Sum of lines 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
6
6
Net capital gain taxable to the trust . Enter the smaller of line 18 or 19, col . (b), Schedule D (Form N-40) . . .
00
7
7
Difference — line 5 minus line 6 (if zero or less, enter zero) . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
8
8
Enter the greater of line 7 or $20,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
9
9
Using the Trust Tax Rates below, compute the tax on the amount on line 8 . If line 8 is $20,000, enter $1,128 .
00
10
10
Difference — line 5 minus line 8 (if zero or less, enter zero) . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
11
11
Multiply the amount on line 10 by 7 .25% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
12
12
Total of lines 9 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
13
13
Using the Trust Tax Rates below, compute the tax on the amount on line 5 above . . . . . . . . . . . . . . . .
00
14
Total tax (enter the smaller of line 12 or line 13) . Also, enter this amount on page 1, line 10 . . . . . . . . .
14
TRUST TAX RATES FOR PERIODS AFTER 12/31/01
If the taxable income is:
The tax shall be:
Not over $2,000 . . . . . . . . . . . . . . . . . . . . . . . . 1 .4% of taxable income
Over $2,000 but not over $4,000 . . . . . . . . . . . . . . . . $28 .00 plus 3 .20% of excess over $2,000
Over $4,000 but not over $8,000 . . . . . . . . . . . . . . . . $92 .00 plus 5 .50% of excess over $4,000
Over $8,000 but not over $12,000 . . . . . . . . . . . . . . . $312 .00 plus 6 .40% of excess over $8,000
Over $12,000 but not over $16,000 . . . . . . . . . . . . . . $568 .00 plus 6 .80% of excess over $12,000
Over $16,000 but not over $20,000 . . . . . . . . . . . . . . $840 .00 plus 7 .20% of excess over $16,000
Over $20,000 but not over $30,000 . . . . . . . . . . . . . . $1,128 .00 plus 7 .60% of excess over $20,000
Over $30,000 but not over $40,000 . . . . . . . . . . . . . . $1,888 .00 plus 7 .90% of excess over $30,000
Over $40,000 . . . . . . . . . . . . . . . . . . . . . . . . . . $2,678 .00 plus 8 .25% of excess over $40,000
FORM N-70NP
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