Navigating the complexities of Utah's state tax obligations requires a thorough understanding of forms like the TC-62WW, an essential worksheet for computing miscellaneous sales taxes, fees, and charges due on the TC-62W return. This form, revised in June 2012 and provided by the Utah State Tax Commission, is designed for a wide range of business activities, from the sale of waste tires and prepaid disposable cell phones to the provision of multi-channel video, audio services, and even activities involving sexually explicit businesses. Each section of the form is meticulously structured to guide businesses through the process of calculating their specific tax liabilities, including straightforward multiplication for determining tax amounts, applying retailer handling discounts, and adjusting gross receipts to accurately reflect their financial activities. Additionally, instructions emphasize the importance of including adjustments for bad debts or cancelled services, underscoring the need for meticulous record-keeping and attention to detail to ensure compliance and avoid potential audits. By breaking down the tax calculation process into manageable steps, the TC-62WW form simplifies what can often be an overwhelming responsibility for businesses, ensuring they meet their state tax obligations efficiently and accurately.
| Question | Answer |
|---|---|
| Form Name | Form Tc 62Ww |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | TC-62W, tc 62ww form, worksheet, utah |
62192
Utah State Tax Commission
210 N 1950 W • Salt Lake City, UT 84134 • tax.utah.gov
Worksheet for
Bus. Name:
Acct. #:
Tax Period:
Use this worksheet to calculate the taxes due on
Waste Tire
1. |
Fee amount (number of tires sold: _________ x $1.00) |
1 |
2. |
Retailer handling discount (multiply line 1 by .025) |
2 |
3. |
Total fee due (line 1 minus line 2) |
3 |
|
........................................................................................................................................... |
Enter this amount on |
Prepaid Disposable Cell Phones |
|
|
4. |
Tax (sales of prepaid wireless telecom service: $____________ X .019) |
4 |
5. |
Retailer handling discount (multiply line 4 by .03) |
5 |
6. |
Net tax due (line 4 minus line 5) |
6 |
|
........................................................................................................................................... |
Enter this amount on |
Lubricating Oil |
|
|
7. |
Tax on quarts sold (QUARTS sold: _________ X .04) |
7 |
8. |
Tax on gallons sold (GALLONS sold: _________ X .16) |
8 |
9. |
Tax due (add line 7 and line 8) |
9 |
10. |
Retailer handling discount (multiply line 9 by .02) |
10 |
11. |
Net tax due (line 9 minus line 10) |
11 |
|
........................................................................................................................................... |
Enter this amount on |
|
||
12. |
Video and audio services gross receipts |
12 |
13. |
Tax due (multiply line 12 by .0625) |
13 |
14. |
Nonrefundable tax credit (see instructions) |
14 |
15. |
Net tax due (line 13 minus line 14) |
15 |
|
........................................................................................................................................... |
Enter this amount on |
Sexually Explicit Business |
|
|
16. |
Sexually explicit business gross receipts |
16 |
17. |
Net tax due (multiply line 16 by .10) |
17 |
|
........................................................................................................................................... |
Enter this amount on |
62000
Instructions for
General Instructions
Complete this worksheet to figure the amounts to enter on
File the original with the Tax Commission. Keep a copy of this worksheet with your records in case of an audit.
Lubricating Oil
Line 7 Multiply the number of QUARTS sold by the .04 fee.
Line 8 Multiply the number of GALLONS sold by the .16 fee.
Line 9 Add the amounts on line 7 and line 8.
Adjustments
Adjust the amounts you enter for this period on lines 1, 4, 7, 12 and 16 to account for bad debts, cancelled services, etc. affecting your gross receipts or sales. Attach a full explanation of each adjustment.
Line 10 Multiply line 9 by .02 to calculate your retailer handling discount.
Line 11 Subtract line 10 from line 9.
ENTER THIS AMOUNT ON
Line Instructions
Waste Tires
Line 1 Multiply the number of tires sold by the $1.00 fee.
Line 2 Multiply line 1 by .025 to calculate your retailer handling discount.
Line 3 Subtract line 2 from line 1.
ENTER THIS AMOUNT ON
Line 12 Enter the dollar amount of gross receipts for video and audio services.
Line 13 Multiply line 12 by the .0625 tax rate.
Line 14 Enter the nonrefundable credit for franchise fees paid to local governments (see Utah Code
Line 15 Subtract line 14 from line 13.
ENTER THIS AMOUNT ON
Prepaid Disposable Cell Phones and Minutes
Line 4 Enter your sales of disposable cell phones and minutes multiplied by 1.9% (.019).
Line 5 Multiply line 4 by .03 to calculate your retailer handling discount.
Line 6 Subtract line 5 from line 4.
ENTER THIS AMOUNT ON
Sexually Explicit Business
Line 16 Enter the total gross receipts subject to the sexually explicit business tax. Tax is charged on amounts paid to or charged by the sexually explicit business for admis- sion fees, user fees, retail sales, sales of food and beverages, and any services.
Line 17 Multiply line 16 by the .10 tax rate.
ENTER THIS AMOUNT ON