Arizona Booklet 120es - Corporation Estimated Tax Payment - 2011 Page 13

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AZ Form 120W (2011)
Page 2 of 2
(a)
(b)
(c)
(d)
First 4
First 6
First 9
Entire
Months
Months
Months
Year
22 Enter taxable income for the following periods:
a Taxable year beginning in 2008 ........................................................................
22a
b Taxable year beginning in 2009 ........................................................................
22b
c Taxable year beginning in 2010 ........................................................................
22c
23 Divide the amount in each column on line 20a by the amount in column (d)
on line 22a ............................................................................................................
23
24 Divide the amount in each column on line 20b by the amount in column (d)
on line 22b ............................................................................................................
24
25 Divide the amount in each column on line 20c by the amount in column (d)
on line 22c ............................................................................................................
25
26 Add lines 23 through 25 ........................................................................................
26
27 Divide line 26 by three (3) .....................................................................................
27
28 Divide line 21 by line 27 ........................................................................................
28
29 Calculate the tax on the amount in each column on line 28 - see instructions .....
29
30 Divide the amount in columns (a) through (c) on line 22a by the amount in
column (d) on line 22a ..........................................................................................
30
31 Divide the amount in columns (a) through (c) on line 22b by the amount in
column (d) on line 22b ..........................................................................................
31
32 Divide the amount in columns (a) through (c) on line 22c by the amount in
column (d) on line 22c ..........................................................................................
32
33 Add lines 30 through 32 ........................................................................................
33
34 Divide line 33 by three (3) .....................................................................................
34
35 Multiply the amount in columns (a) through (c) of line 29 by the amount in the
corresponding column of line 34. In column (d), enter the amount from line 29,
column (d) .............................................................................................................
35
36 Enter tax from recapture of tax credits for each payment period - see instr. ........
36
37 Subtotal tax - add lines 35 and 36 ........................................................................
37
38 Clean Elections Fund Tax Reduction ($5). See instructions .................................
38
39 For each period, enter the amount of nonrefundable tax credits. See instr. .........
39
40 Arizona tax liability - subtract the sum of lines 38 and 39 from line 37. If less
than zero, enter zero.............................................................................................
40
41 Clean Elections Fund Tax Credit. See instructions ...............................................
41
42 Tax liability after Clean Elections Fund tax credit. Subtract line 41 from line 40...
42
43 Refundable tax credits - see instructions ..............................................................
43
44 Claim of right adjustment - see instructions ..........................................................
44
45 Net liability - subtract the sum of line 43 and line 44 from line 42. If less than
zero, enter zero.....................................................................................................
45
46 Multiply line 45 by 90% .........................................................................................
46
47 Add the amounts in all preceding columns from Part III, line 54 - see instr. .........
47
48 Adjusted seasonal installments. Subtract line 47 from line 46. If zero or less,
enter zero..............................................................................................................
48
Part III - Required Installments
(a)
(b)
(c)
(d)
1st
2nd
3rd
4th
Installment
Installment
Installment
Installment
49 If only one of the above parts is completed, enter the amount in each column
from line 19 or line 48. (If both parts are completed, enter the smaller of the
amounts in each column from line 19 or line 48.) .................................................
49
50 Enter 25% of line 2d on Form 120W in each column. NOTE: “Large corporations”
see instr. for line 4, found on page 2 of the instructions, for the amount to enter ..........
50
51 Enter the amount from line 53 of this schedule for the preceding column ............
51
52 Add lines 50 and 51. Enter the total......................................................................
52
53 If line 52 is more than line 49, subtract line 49 from line 52. Otherwise, enter zero ...
53
54 Required Installments. Enter the smaller of line 49 or line 52 here and on
Form 120W, page 1, line 4....................................................................................
54
ADOR 10551 (10)
Previous ADOR 91-5344

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