Oklahoma Corporation Income Tax Forms And Instructions Booklet - 2014 Page 16
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202014 Form 512 - Page 3
Schedule B is for computation of Oklahoma taxable income of a unitary enterprise. [Section 2358(A)(5)]
Schedule B
Enclose a complete copy of your Federal return.
1
Net taxable income from Schedule A, Column A, line 30 .....................................
1
$
2
Add:
(a) Taxes based on income ...................................................................
$
2a
(b) Federal net operating loss deduction ..............................................
2b
(c) Unallowable deduction (enclose schedule) .....................................
2c
(d) _________________________________ .....................................
2d
(e) _________________________________ .....................................
2e
(f) Total of lines 2a through 2e ..............................................................
$
2f
3
Deduct all items separately allocated
(a) _________________________________ .....................................
3a
$
(b) _________________________________ .....................................
3b
(c) _________________________________ .....................................
3c
(d) _________________________________ .....................................
3d
(e) _________________________________ .....................................
3e
(f) Total of lines 3a through 3e ..............................................................
3f
$
(Note: Items listed in 2 and 3 above must be net amounts supported
by schedules showing source, location, expenses, etc.)
4
Net apportionable income.....................................................................................
$
4
5
Oklahoma’s portion thereof _________________ %, from schedule below .......
$
5
6
Add or deduct items separately allocated to Oklahoma (enclose schedule)
$
(a) ________________________________________ .....................................
6a
(b) ________________________________________ .....................................
6b
(c) ________________________________________ .....................................
6c
(d) Oklahoma net operating loss deduction ........................................................
6d
$
7
Oklahoma net income before tax (add lines 5 and 6) ...........................................
7
$
8
Oklahoma accrued tax (see instructions) .............................................................
8
$
9
Oklahoma taxable income, line 7 less line 8 (enter on page 1, line 1) .................
9
Apportionment Formula
Column C
Column B
(A divided by B)
1
Value of real and tangible personal property used in
Column A
the unitary business (by averaging the value at the
Total Within
Total Within and
Percent Within
beginning and ending of the tax period).
Oklahoma
Without Oklahoma
Oklahoma
(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 salaries..........................................
2b
(c) Total (subtract officer salaries from payroll) .........
2c
$
$
%
3
Sales :
(a) Sales delivered or shipped to Oklahoma purchasers:
(i) Shipped from outside Oklahoma .....................
i
3a
(ii) Shipped from within Oklahoma ......................
ii
3a
(b) Sales shipped from Oklahoma to:
(i) The United States Government .......................
i
3b
(ii) Purchasers in a state or country where the
..
corporation is not taxable
ii
3b
(i.e. under Public Law 86-272)
%
(c) Total all 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 Schedule B, line 5) ............................................................
6
%
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