Form Fid-1 - New Mexico Fiduciary Income Tax Return - 1998 Page 4

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Name and title of fiduciary

Federal EIN of estate or trust

Name of estate or trust as shown on page 1 of Form FID-1

THIS SCHEDULE MUST BE COMPLETED BY ESTATES OR TRUSTS HAVING INCOME FROM BOTH INSIDE AND OUTSIDE OF NEW MEXICO.

SEE INSTRUCTIONS BEFORE COMPLETING THIS SCHEDULE

If you have elected to use the Section 7-4-10.A method of apportionment,

enter the taxable year end for which the election was first effective ________________________

Column 1

Column 2

Percent

Everywhere

within New Mexico

PROPERTY FACTOR

Average annual value of inventory ........................................................

Average annual value of real and personal property .............................

Rented property (annual rental value times eight) .................................

Total Property ........................................................................................

Property Factor (total property, column 2 divided by column 1) .......................................................................................

PAYROLL FACTOR

Wages, salaries, commissions and other compensation

of employees related to apportionable income ......................................

Payroll Factor (column 2 divided by column 1) ................................................................................................................

SALES FACTOR

Gross receipts ......................................................................................

Sales factor (column 2 divided by column 1). (See Note 1 below) ............................................................. .....................

Total percent (ADD lines 1, 2 and 3) ................................................................................................................................

AVERAGE PERCENT (line 4 divided by 3, or, if one or more of the factors is excluded

divided by the number of factors present). (See Note 1 below) ......................................................................................

Each percentage above must be calculated to two decimal places (example 22.46%)

Note 1: See instructions on page 4 for adjustments to these lines if you are a qualified manufacturer who has elected to use the Section 7-4-10.A

method of apportionment.