Form Dr 0205 - Computation Of Penalty Due Based On Underpayment Of Colorado Corporate Estimated Tax - 2015 Page 3

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*150205==29999*
Corporation Name
Colorado Account Number
Part 3 — Penalty Computation
10. Enter payment due dates
11. Divide the amount on line 7 by four or enter
the payments due from line 9 or 29
$
$
$
$
12. Amounts paid in estimated or withholding tax $
$
$
$
13. Overpayment (on line 15) from preceding
period
$
$
$
14. Total of lines 12 and 13
$
$
$
$
15. Underpayment (line 11 minus line 14) or
<overpayment> (line 14 minus line 11)
$
$
$
$
16. Date of payment or December 31, 2015,
whichever is earlier
17. Number of days from due date of payment
to date on line 16
18. Underpayment on line 15 multiplied by 6%
multiplied by number of days on line 17
divided by 365
$
$
$
$
19. Date of payment or due date of return,
whichever is earlier
20. Number of days from December 31, 2015,
or due date of payment, whichever is later,
to date on line 19
21. Underpayment on line 15 multiplied by 6%
multiplied by number of days on line 20
divided by 365
$
$
$
$
22. Total penalty. Add all amounts on lines 18 and 21. Include this amount as estimated tax penalty on
line 34, Form 112
$
Part 4 — Annualized Installment Method Schedule
23. Ending date of annualization period
24. Colorado taxable income computed
through the date on line 23
$
$
$
$
4
2.4
1.5
1.091
25. Annualization Factor
26. Annualized taxable income. Line 24
multiplied by line 25
$
$
$
$
27. Line 26 multiplied by 4.63%
$
$
$
$
17.5%
35%
52.5%
70%
28. Applicable percentage
29. Installment payment due. Line 27 multiplied
by line 28, minus amounts entered on line 29
in earlier quarters. Enter here and on line 11
$
$
$
$

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