Form 512-S - Corporation Income Tax Return - Oklahoma Small Business - 2015 Page 3
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52015 Form 512-S - Page 3
Computation of Oklahoma Taxable Income of a Unitary Enterprise
Part 4:
whose Income is Partly within and Partly without Oklahoma
1
Net distributable income from Page 2, Part 3, Column A, line 18.........................
1
2
Add:
(a) Taxes based on income ...............................................................
2a
(b) Unallowable deduction (enclose schedule) .................................
2b
(c) Other income (enclose schedule) .................................................
2c
(d) Total of lines 2a through 2c ...............................................................
2d
3
Deduct all items separately allocated:
(a) Interest on obligations of the United States ..................................
3a
(b) _____________________________ ............................................
3b
(c) _____________________________ ...........................................
3c
(d) Total of lines 3a through 3c ...............................................................
3d
(Note: Items listed in 2 and 3 above must be net amounts supported
by schedules showing source, location, expenses, etc.)
4
Net apportionable income (line 1 plus line 2d, minus line 3d) ..............................
4
5
Oklahoma’s portion thereof __________________%, from schedule below .......
5
6
Add items separately allocated to Oklahoma:
(a) ____________________________________ ...........................................
6a
(b) ____________________________________ ...........................................
6b
(c) ____________________________________ ...........................................
6c
(d) ____________________________________ ...........................................
6d
(e) Total of lines 6a through 6d .............................................................................
6e
7
Oklahoma net distributable income
(add lines 5 and 6e; enter here and on Page 2, Part 3, Column B, line 18) ...
7
Apportionment Formula
Column A
Column B
Column C
(A divided by B)
1
Value of real and tangible personal property used in
Total Within
Total Within and
Percent Within
the unitary business (by averaging the values at the
Oklahoma
Without Oklahoma
Oklahoma
beginning and ending of the tax period).
(a) Owned property (at original cost):
(i) Inventories .....................................................
1ai
(ii) Depreciable property..................................
1aii
(iii) Land ...........................................................
1aiii
(iv) Total of section “a” ....................................
1aiv
(b) Rented property
(capitalize at 8 times net rental paid) ..
1b
(c) Total of sections “a” and “b” above ........................
$
$
%
1c
2
(a) Payroll ...............................................................
2a
(b) Less: Officer’s salaries .....................................
2b
(c) Total (subtract officer’s salaries from payroll) ........
$
$
%
2c
3
Sales :
(a) Sales delivered or shipped to Oklahoma purchasers:
(i) Shipped from outside Oklahoma.................
3ai
(ii) Shipped from within Oklahoma ..................
3aii
(b) Sales shipped from Oklahoma to:
(i) The United States Government ..................
3bi
(ii) Purchasers in a state or country where the
corporation is not taxable
..
3bii
(i.e. under Public Law 86-272)
(c) Total of sections “a” and “b” ...................................
$
$
%
3c
4
If Revenue, Traffic Units or Miles Traveled is
used rather than Sales, indicate here: __________________________________________________
5
Total percent (sum of items 1, 2 and 3) .........................................................................................................
%
5
6
Average percent (1/3 of total percent) (Carry to Part 4, line 5 above) ...........................................................
%
6
Note: Enclose a complete copy of your Federal return.
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