Enlarge image | Schedule ALLOWANCE FOR GOVERNMENTAL OBLIGATIONS / B-1 Form CIT-120 W OBLIGATIONS SECURED BY RESIDENTIAL PROPERTY (ยง11-24-6(f)) 2022 AVERAGE MONTHLY BALANCE 1. Federal obligations and securities ................................................................................................. 1 .00 2. Obligations of West Virginia and any political subdivision of West Virginia .................................... 2 .00 3. Investments or loans primarily secured by mortgages or deeds of trusts on residential property located in West Virginia..................................................................................................... 3 .00 4. Loans primarily secured by a lien or security agreement on a mobile home or doublewide located in West Virginia.................................................................................................................. 4 .00 5. TOTAL (Add lines 1 through 4)....................................................................................................... 5 .00 6. Total assets as shown on Schedule L, Federal Form 1120 or 1120A............................................ 6 .00 7. Divide line 5 by line 6 (round to six (6) decimal places)................................................................ 7 . 8. Adjusted income (Schedule 1, line 1 or Schedule 2, line 1 plus Schedule B, line 12, minus the sum of lines 13 through 23, plus Form CIT-120APT, Schedule A-2, lines 10, 11, & 12)........................ 8 .00 9. ALLOWANCE (line 7 multiplied by line 8 (disregard sign)) Enter here and on Schedule B, line 24....................... 9 .00 *B30202206W* B30202206W |