Form Pit-B - New Mexico Allocation And Apportionment Of Income Shedule - 2012 Page 2
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1
2*120590200*
2012 PIT-B
(page 2)
NEW MEXICO ALLOCATION AND APPORTIONMENT
OF INCOME SCHEDULE
YOUR SOCIAL SECURITY NUMBER
WORKSHEET FOR APPORTIONMENT OF BUSINESS AND FARM INCOME
Complete a worksheet for each business or farm.
See worksheet instructions for definitions relating to the apportionment factors below.
Column 1
Column 2
1.
PROPERTY FACTOR
Total Everywhere
New Mexico
a.
Average value of real and tangible
personal property owned or rented by
00
00
the taxpayer and used during tax period ...........
1a
Column 3
Factor
b.
DIVIDE column 2 by column 1.
_._ _ _
(Compute to 3 decimal places).................................................................................................................................
1b
2.
PAYROLL FACTOR
00
00
2a
a.
Compensation paid by taxpayer ........................
b.
DIVIDE column 2 by column 1.
_._ _ _
(Compute to 3 decimal places).................................................................................................................................
2b
3.
SALES FACTOR
a.
Total sales excluding nonbusiness income .......
00
00
3a
b.
DIVIDE column 2 by column 1.
_._ _ _
(Compute to 3 decimal places).................................................................................................................................
3b
4.
Total of lines 1b, 2b and 3b...............................................................................................................................................
_._ _ _
4
5.
DIVIDE line 4 by the number of factors used and enter here.
_._ _ _
(Compute to 3 decimal places).........................................................................................................................................
5
MULTIPLY the amount on line 8, column 1 on page 1 of Schedule PIT-B by the decimal amount on line 5 of this worksheet. Enter the result on
line 8, column 2 on page 1 of Schedule PIT-B. If you have more than one business or farm, complete a worksheet for each business or farm,
compute the result for each business or farm and enter the sum of the results on line 8, column 2. Attach the worksheet for each business or farm
with your PIT-1 return and Schedule PIT-B.
If you are a manufacturer who has elected to use the Section 7-4-10(B) method of apportionment,
enter the taxable year end for which the election was first
/
/
G.
effective and see instructions for adjustments to lines 3b and 5.
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