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4 State of Rhode Island Division of Taxation 4
5 2023 Schedule S for RI-1120S 5
6 Excess Net Passive Income Tax Calculation 23110499990101 6
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8 Name Federal employer identification number 8
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10 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 99-9999999 10
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13 TO BE FILED WITH FORM RI-1120S 13
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15 TO BE COMPLETED ONLY BY SUBCHAPTER S CORPORATIONS TAXABLE FOR FEDERAL PURPOSES AND REQUIRED TO COMPLETE 15
16 LINE 22a AND/OR 22b OF FEDERAL FORM 1120S 16
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20 1 Excess net passive income from line 11 of Worksheet for line 23a of Federal 1120S................................................. 1 9999999999 9920
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22 2 Taxable income from Federal Form 1120S, Schedule D, line 20................................................................................. 2 9999999999 9922
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24 3 Taxable income. Add lines 1 and 2 ............................................................................................................................. 3 9999999999 9924
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26 4 Apportionment ratio (six (6) decimal places) from Form RI-1120S, Schedule I, line 5 ................................................ 4 0.123400 26
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28 5 Rhode Island taxable income. Multiply line 3 by line 4 ............................................................................................... 5 9999999999 9928
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30 6 TAX - 7%. Multiply line 5 by 7% (0.07) and enter here............................................................................................... 6 9999999999 9930
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32 7 Minimum tax from Form RI-1120S............................................................................................................................... 7 32
400 00
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34 8 TAX. Line 6 or line 7, whichever is larger. Enter here and on Form RI-1120S, page 1, line 7a................................. 8 9999999999 9934
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