Form Tc 62Ww PDF Details

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.

QuestionAnswer
Form NameForm Tc 62Ww
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesTC-62W, tc 62ww form, worksheet, utah

Form Preview Example

62192

Utah State Tax Commission

210 N 1950 W • Salt Lake City, UT 84134 • tax.utah.gov

TC-62WW

Worksheet for TC-62W

TC-62WW Rev. 6/12

Bus. Name:

Acct. #:

Tax Period:

Use this worksheet to calculate the taxes due on TC-62W, Miscellaneous Sales Taxes, Fees and Charges Return.

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 TC-62W, line 1

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 TC-62W, line 2

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 TC-62W, line 3

Multi-Channel Video and Audio Service

 

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 TC-62W, line 4

Sexually Explicit Business

 

16.

Sexually explicit business gross receipts

16

17.

Net tax due (multiply line 16 by .10)

17

 

...........................................................................................................................................

Enter this amount on TC-62W, line 5

TC-62WW_i

62000

Instructions for TC-62WW, TC-62W WORKSHEET

General Instructions

Complete this worksheet to figure the amounts to enter on TC-62W, Miscellaneous Sales Taxes, Fees and Charges Return.

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 TC-62W, LINE 3.

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 TC-62W, LINE 1.

Multi-Channel Video and Audio Service

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 §59-26-104.5 and Publication 54).

Line 15 Subtract line 14 from line 13.

ENTER THIS AMOUNT ON TC-62W, LINE 4.

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 TC-62W, LINE 2.

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 TC-62W, LINE 5.