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4       State of Rhode Island Division of Taxation                                                                                                                                   4
5       2024 Schedule S for RI-1120S                                                                                                                                                 5
6       Excess Net Passive Income Tax Calculation  24110499990101                                                                                                                    6
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8  Name                                            Federal employer identification number                                                                                            8
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10 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX         99-9999999                                                                                                                        10
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13   TO BE FILED WITH FORM RI-1120S                                                                                                                                                  13
14                                                                                                                                                                                   14
15   TO BE COMPLETED ONLY BY SUBCHAPTER S CORPORATIONS TAXABLE FOR FEDERAL PURPOSES AND REQUIRED TO COMPLETE                                                                         15
16   LINE 22a AND/OR 22b OF FEDERAL FORM 1120S                                                                                                                                       16
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20 1 Excess net passive income from line 11 of Worksheet for line 23a of Federal 1120S.................................................                               1 9999999999 9920
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22 2 Taxable income from Federal Form 1120S, Schedule D, line 20.................................................................................                     2 9999999999 9922
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24 3 Taxable income.  Add lines 1 and 2 ............................................................................................................................. 3 9999999999 9924
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                                                                                                                                                                        _ . ______
26 4 Apportionment ratio (six (6) decimal places) from Form RI-1120S, Schedule I, line 5 ................................................                             4    0.123400  26
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28 5 Rhode Island taxable income.  Multiply line 3 by line 4 ...............................................................................................          5 9999999999 9928
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30 6 TAX - 7%.  Multiply line 5 by 7% (0.07) and enter here...............................................................................................            6 9999999999 9930
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32 7 Minimum tax from Form RI-1120S...............................................................................................................................    7              32
                                                                                                                                                                           400 00
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34 8 TAX.  Line 6 or line 7, whichever is larger.  Enter here and on Form RI-1120S, page 1, line 7a.................................                                  8 9999999999 9934
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                                    10/02/2024
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