Form K-130 - Kansas Privilege Tax - 2001 (Page 4 of 4) in pdf

Form K-130, page 4

PART IV - COMPUTATION OF FEDERAL TAXABLE INCOME FOR S CORPORATION

1(c)

1. (a) Gross reciepts/sales ______________ (b) Less: Returns and allow ______________

Balance

2. Less: Cost of goods sold and/or operations ...........................................................................................

3. Gross profit ..............................................................................................................................................

4. Dividends ................................................................................................................................................

5. Interest ....................................................................................................................................................

6. Gross rents ..............................................................................................................................................

7. Gross royalties ........................................................................................................................................

8. Capital gain net income ...........................................................................................................................

9. Net gain or (loss) from Form 4797, Part lll ..............................................................................................

10. Other income ..........................................................................................................................................

11.

Total income - Add lines 3 through 10 ...........................................................................................

DEDUCTIONS

12. Compensation of officers........................................................................................................................

13. (a) Salaries and wages _________________ 13(b) Less empl. credit _______________

Balance

14. Repairs and maintenance........................................................................................................................

15. Bad debts ...............................................................................................................................................

16. Rents ......................................................................................................................................................

17. Taxes and licenses .................................................................................................................................

18. Interest ...................................................................................................................................................

19. Charitable contributions (not over 10% of taxable income as adjusted) .................................................

20. Depreciation ..................................................................................................

21b

21. Less depreciation claimed elsewhere on return .............................................

21a

22. Depletion ................................................................................................................................................

23. Advertising .............................................................................................................................................

24. Pension, profit-sharing, etc. plans ..........................................................................................................

25. Employee benefit programs ...................................................................................................................

26. Other deductions ....................................................................................................................................

27. Total deductions - Add lines 12 through 26 ............................................................................................

28. Taxable income before net operating loss deduction and special deductions

(subtract line 27 from line 11) ................................................................................................................

29a

29.

Less:

a. Net operating loss deduction .................................................

b. Special Deductions.................................................................

29b

29c

30.

Taxable income - Subtract line 29c from line 28..............................................................................