Current Provision Regional

The Current Provision Regional calculation is as follows:

• NIBT—Automatically populated from the income statement loaded into the system plus/minus

• NIBT Total Book Adjustment—Generally manual adjustments or automated amounts

• NIBT Total Book Reclass—Generally manual adjustments or automated amounts

• Net Income Before Tax—Also the starting point for the effective tax rate report. The following items are then added to or subtracted from this balance:

• Total Permanent Differences (GAAP to Stat)—Combination of automated and manual amounts plus/minus

• Total Temporary Differences (GAAP to Stat)—Combination of automated and manual amounts equals

• Local Statutory Net Income Before Tax—Plus/minus

• Total Permanent Differences (Stat to Tax)—Combination of automated and manual amounts plus / minus

• Total Temporary Differences (Stat to Tax)—Combination of automated and manual amounts equals

• Deductible Income Tax—Combination of automated and manual amounts depending on the nature of the deductible taxes equals

• Taxable Income Before Loss—Plus/minus

• Tax Losses—Automated based on the jurisdictional setting and manual input in the current provision input schedules plus/minus

• Special Deductions—Automated based on the jurisdictional setting and manual input for dividends received deduction or other items equals

• Regional Taxable Income after National Loss and Special Deduction—Plus

• Deductible Income Tax Reversal—Equals

• Regional Tax Base—Plus

• Total Regional Permanent Differences—Plus

• Regional Tax Deduction—Plus

• Total Regional Temporary Differences—Equals

• Regional Taxable Income before Apportionment—Times

• Apportionment Rate—Equals

• Regional Apportioned Income—Plus

• Regional Apportionment Adjustments—Plus

• Regional Tax Losses—Equals

• Regional Taxable Income—Times

• Regional Tax Rate—Equals

• Regional Current Tax on Taxable Income—Plus

• Regional Total Tax Credits—Equals

• Regional Current Tax per Return—Plus

• Regional Provision Items—Combination of automated and manual adjustments on a tax-effected basis equals

• Regional Current Provision

The form contains the following members in the columns (across):

• CYSys—Current Year System—Current year book-tax difference automated in the current provision. This amount automatically flows to the temporary difference rollforward. Amounts for this column are automated and impact the current tax expense.

• CYAdj — Current Period Adjustment—Current year book-tax difference adjustments input in the current provision. This amount automatically flows to the temporary difference rollforward. Amounts for this column are automated and impact the current tax expense.

• CY—Current Period Total—The sum of CYSys and CYAdj.