Form CLT-4S, Page 6
FEIN
-
Schedule IV – Montana S Corporation Composite Income Tax Schedule
Part I. Eligible Participating Shareholders
Part II. Composite Tax Ratio
1
2
3
Use the amount in column 3
Enter the amount
Enter the amount
Enter the number of eligible participating shareholders.
Divide column 2
from Form CLT-4S,
from Form CLT-4S,
to complete the calculation in
See instructions for more information about eligible
by column 1
line 14
line 20
column H below.
participating shareholders.
Part III. Enter below in columns A through H the required information and amounts for each eligible participating shareholder.
A
B
C
D
E
F
G
H
Montana composite
Montana taxable
Social security number
Shareholders’ share
Enter the appropriate
income tax. Multiply
Standard
Exemption
income – Subtract
Name
or federal employer
of federal income
tax from the tax table
column G times
deduction
$2,240
columns D and E
identifi cation number
from entity
below.
composite tax ratio
from column C.
from Part II.
1.
00
00
00
00
00
00
2.
00
00
00
00
00
00
3.
00
00
00
00
00
00
4.
00
00
00
00
00
00
5.
00
00
00
00
00
00
6.
00
00
00
00
00
00
7.
00
00
00
00
00
00
8.
00
00
00
00
00
00
9.
00
00
00
00
00
00
10.
00
00
00
00
00
00
11. Enter the total composite tax from all additional pages, if used .............................................................................................................................................11.
00
Add column H, lines 1 through 11. This is your total composite income tax liability.
00
Transfer the amounts from column H to Form CLT-4S, Schedule III, column E.
*12DX0601*
If Your Taxable
Multiply Your Taxable
But Not More Than
And Subtract
This Is Your Tax
Income Is More Than
Income By
*12DX0601*
$0
$2,700
1% (0.010)
$0
$2,700
$4,800
2% (0.020)
$27
Include all additional pages
$4,800
$7,300
3% (0.030)
$75
from line 11 with the tax return.
$7,300
$9,900
4% (0.040)
$148
$9,900
$12,700
5% (0.050)
$247
$12,700
$16,400
6% (0.060)
$374
More Than $16,400
6.9% (0.069)
$522