Form Molt-2 - Marshall County Occupational License Tax Return For Schools - 2014 Page 2
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1
2Marshall County Occupational License Tax Return for Schools
Form MOLT-2
Page 2
Worksheet 1 – Adjusted Net Business Income
Partnership &
Complete column that relates to your form of business
Federal Form
Individual
S-Corporation
Corporation
1040/line 21
Non-Employee compensation recorded as “other income”
amt from
1
On Federal Form 1040 (attach page 1 of 1040 & 1099)
1099
N/A
N/A
Net profit or (loss) per Schedule C or C-EZ
C/line 31
2
(attach page 1 of 1040 and applicable schedule)
C-EZ/line 3
N/A
N/A
Net profit or (loss) per Schedule E
Schedule E/
3
(attach page 1 of 1040 and applicable schedule)
lines
N/A
N/A
26 & 40
Net profit or (loss) per Schedule F
Schedule F/
4
(attach page 1 of 1040 and applicable schedule)
Line 34
N/A
N/A
Gain (loss) on the sale of property used in a trade, business
1040
Or rental activity (attach 4797 and/or Schedule D)
**Schedule D
5
**only the amounts from trade, business, or rental
N/A
N/A
lines 1, 4, 8, 11
Net income (loss) per Federal Form 1065
Schedule K
Schedule K – Analysis of net income (loss) from page 5
Page 5
6
(attach Form 1065, pages 1 through 5)
line 1
N/A
N/A
Income (loss) per Federal Form 1120S
Schedule K/
7
(attach Form 1120S, pages 1 through 4)
Line 18
N/A
N/A
Taxable income per Form 1120
Form 1120/
8
(attach Form 1120, pages 1 through 5)
Line 28
N/A
N/A
See
Other business income (attach schedule)
Instructions
9
(wages earned in county – no county tax withheld)
on website
Total business income
10
(add lines 1 through 9)
ITEMS NOT DEDUCTIBLE
State and local license taxes based on income
11
(attach schedule)
Foreign taxes from Schedule K of Form 1065 and 1120S
1065-K/16l
12
1120S-K/14l
N/A
N/A
Pass through loss from another entity included on
13
Federal Return
N/A
Expenses associated with income not subject to the
14
License tax (attach schedule)
Other
15
(attach full explanation and schedule)
Total items not deductible
16
(add Lines 11 through 15)
ITEMS NOT SUBJECT
Pass through profit from another entity included on
17
Federal Return
N/A
Other
18
(attach full explanation and schedule)
Total items not subject
19
(add Lines 17 and 18)
Adjusted net business income (Line 10, plus Line 16,
20
Less Line 19). Enter on Section B, Line 1
COMPUTATION OF APPORTIONMENT PERCENTAGES
Column A
Column B
Column C
Amount in
Total Amount
Marshall Co. %
Marshall Co.
Everywhere
(A divided by B)
21
Business Receipts Factor
22
Payroll Factor (use TOTAL GROSS Marshall wages,
Not just taxable wages)
%
23
Total Percentages
(add Column C, lines 21 and 22)
24
Average Allocation Percentage (Column C, Line 23
%
divided by the number of percents used)
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Parent category: Financial