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Michigan Department of Treasury Attachment 16
4582 (Rev. 10-21), Page 1 of 2
2021 MICHIGAN Business Tax Penalty and Interest Computation
for Underpaid Estimated Tax
Issued under authority of Public Act 36 of 2007.
Taxpayer Name )HGHUDO (PSOR\HU ,GHQWL¿FDWLRQ 1XPEHU )(,1 RU 75 1XPEHU
PART 1: ESTIMATED TAX REQUIRED
1. Annual tax from Form 4567, line 59; or Form 4588, line 47; or Form 4590, line 32 .............................................. 1. 00
2. Required estimate amount. Enter 85% (0.85) of line 1.......................................................................................... 2. 00
See MBT instruction booklet for exceptions to penalty and
interest computation. A BCD
3. ENTER THE PAYMENT DUE DATES (MM-DD-YYYY) .... 3.
4. Divide amount on line 2 by 4, or by the number of
quarterly returns required. If annualizing, enter the
amount from Annualization Worksheet, line 70, page 2 .... 4.
CAUTION: Complete lines 5 - 13 one column at a time
5. Prior year overpayment ..................................................... 5. X X X X X X X X X X X X X X X
6. Estimated payments and refundable credits (see instr.)..... 6.
7. Enter amount, if any, from line 13 of the previous column .7. X X X X X
8. Add lines 5, 6 and 7 ........................................................... 8.
9. Add amounts on lines 11 and 12 of the previous column
and enter the result here ................................................... 9. X X X X X
10. Subtract line 9 from line 8. If less than zero, enter zero.
For column A only, enter the amount from line 8 ............... 10.
11. Remaining underpayment from previous period. If
amount on line 10 is zero, subtract line 8 from line 9 and
enter result here. Otherwise, enter zero ............................ 11. X X X X X
12. If line 4 is greater than or equal to line 10, subtract line 10
from line 4 and enter it here. Then go to line 6 of the next
column. Otherwise, go to line 13 ....................................... 12.
13. If line 10 is larger than line 4, subtract line 4 from line 10
and enter it here. Then go to line 6 of next column ........... 13.
PART 2: FIGURING INTEREST ABCD
14. TOTAL UNDERPAYMENT. Add lines 11 and 12 ................. 14.
15. Enter due date for the next quarter or date tax was paid,
whichever is earlier. In column D, enter the due date for the
annual return or date tax was paid, whichever is earlier ...... 15.
16. Number of days from the due date of the quarter to the
date on line 15 .................................................................... 16.
17. No. of days on line 16 after 04-15-21 and before 07-01-21.. 17.
18. No. of days on line 16 after 06-30-21 and before 01-01-22.. 18.
19. No. of days on line 16 after 12-31-21 and before 07-01-22.. 19.
20. No. of days on line 16 after 06-30-22 ................................... 20.
21. Number of days on line 17 x 4.25% (0.0425) x line 14 ....... 21.
365
22. Number of days on line 18 x 4.25% (0.0425) x line 14 ....... 22.
365
23. Number of days on line 19 x 4.25% (0.0425) x line 14 ....... 23.
365
24. Number of days on line 20 x *% x line 14 .......................... 24.
365
25. Interest on underpayment. Add lines 21 through 24 ........... 25.
26. Interest Due. Add line 25 columns A through D and enter the result here....................................................... 26. 00
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