Form 4u - Underpayment Of Estimated Tax By Corporations - 2012 Page 2
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1
22012 Form 4U
2
2
Page
of
Part III
Annualized Income Installment Method Worksheet
Fill in this worksheet only if computing required installments using the annualized
Annualization Period
income installment method. Complete one column through line 47 before complet-
( a ) First 2 months
( b ) First 5 months
( c ) First 8 months ( d ) First 11 months
ing the next column. Form 4T filers see instructions to figure lines 27 and 29.
27 Enter Wisconsin net income for each period (see instructions) . .
6
2 .4
1 .5
1 .091
28 Annualization factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29 Multiply line 27 by line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30 Adjustments (NBLs, etc. – see instructions) . . . . . . . . . . . . . . . .
31 Combine lines 29 and 30 . This is annualized income . . . . . . . . . .
32 Multiply line 31 by 7.9% (0.079). This is annualized gross tax . . .
33 Enter your nonrefundable credits . . . . . . . . . . . . . . . . . . . . . . . . .
34 Subtract line 33 from line 32 . If zero or less, enter zero . . . . . . . .
35 Enter economic development surcharge (based on amount in
this column) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
36 Add lines 34 and 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
37 Enter your refundable credits (excluding estimated tax and surcharge paid)
38 Subtract line 37 from line 36. If zero or less, enter zero.
This is annualized net tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22.5%
45%
67.5%
90%
39 Applicable percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
40 Multiply line 38 by line 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
41 Enter the combined amounts of line 47 from all preceding columns
42 Subtract line 41 from line 40 . If zero or less, enter zero . . . . . . . .
43 Divide Part 1, line 4, by 4 and enter the result in each column . . .
44 Enter the amount from line 46 for the preceding column . . . . . . .
45 Add lines 43 and 44 and enter the total . . . . . . . . . . . . . . . . . . . .
46 If line 45 is more than line 42, subtract line 42 from line 45 .
Otherwise, enter zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
47 Enter the smaller of line 42 or 45 here and on Part 1, line 6 . . . .
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