Form 83-305-22-8-1-000 (Rev. 09/22)                                                                                     Reset Form

                                                                    Mississippi                                         Print Form
                                      Underestimate of Corporate Income Tax Worksheet

FEIN                                                                                       Annualized Income Method                      Amended

   PART I:  CALCULATION OF ESTIMATED PAYMENT

1    Current year income tax due (from Form 83-105, line 8 (corporations) 
      or Form 84-105, line 9 (composite S corporations and electing pass-through entities))                         1                            .00

2    Ninety (90%) of current year income tax due (multiply line 1 by 90%)                                           2                            .00

3    Prior year income tax due                                                                                      3                            .00

4    Enter the lesser of line 2 or line 3 (except for large corporations, see instructions)                         4                            .00

5    Estimate payment per quarter (divide line 4 by four)                                                           5                            .00

   PART II:  PENALTY CALCULATION 
                                                                                      (a)         (b)                     (c)                (d) 
                                                                            15th of 4th Month    15th of 6th Month     15th of 9th Month   15th of 12th Month 

6   Estimate due dates (enter the dates in columns (a) through (d))

7   Required estimate each quarter (enter amount from Part I, line 5) 

8    Estimated tax paid each quarter 

9   Overpayment (enter amount, if any, from previous year or 
     quarter(s), line 9, in columns (a),(b), (c), or (d))
10  Total (line 8 plus line 9 minus line 7; enter amount in column (a).  
      If negative (overpayment), enter zero and carry overpayment  
      amount (as a positive amount) to the next quarter(s), line 9,  
      column(s) (b), (c), and (d)) 
11  Underestimated penalty due (multiply line 10 by 10%.  If  
      negative, enter zero)
PART III:  INTEREST CALCULATION 
12  Cumulative tax liability (enter cumulative amount from line 7)

13  Cumulative overpayment (enter cumulative amount of estimates 
      paid plus any overpayment from prior year; line 8 plus line 9)
14  Total underpayment/overpayment of estimates (subtract line 12  
      from line 13.  If the result is negative, enter zero)

15   Enter percentage of interest (compute interest at 5/10 of 1% per                       % .          %            .       %          .         %
       month from the payment due date until paid or the next payment             .
       due date, whichever is earlier)

16  Underestimated interest due (multiply line 14 by line 15) 

PART IV:  UNDERESTIMATED INTEREST AND PENALTY DUE

17  Total penalty due (total of line 11, columns (a), (b),(c) and (d))                                              17                            .00

18  Total interest due (total of line 16, columns (a), (b),(c) and (d))                                             18                            .00

19  Total underestimated interest and penalty due                                                                   19                            .00
      (line 17 plus line 18, enter on Form 83-105, page 1, line 1 5(corporations) or on 
      Form 84-105, page 1, line 15 (composite S corporations and electing pass-through 
      entities), or on Form 83-391, line 10 (insurance))