Consolidated Provision (USD) TOTAL UNIT 1KS

Kim 08.18.09, National Financial Partners Unit 1

Pre-Tax Book Income $390,000.00 $90,000.00

Deductible State Tax:

North Carolina $3,030.00 $3,030.00

New York $16,020.45 $0.00
Ohio $27,774.00 $0.00

Total Deductible State Tax $46,824.45 $3,030.00

Permanent Differences:

M&E $7,400.00 $0.00

Officers Life Insurance $15,000.00 $5,000.00

Total Permanent Differences $22,400.00 $5,000.00

Financial Taxable Income $365,575.55 $91,970.00

Temporary Differences:

Depreciation ($4,800.00) $0.00

Stock Options $21,000.00 $6,000.00

Total Temporary Differences $16,200.00 $6,000.00

Federal Taxable Income (Pre-NOL) $381,775.55 $97,970.00

NOL Reclass $0.00 $0.00
Federal Taxable Income (Post-NOL) $381,775.55 $97,970.00
Unit Tax Rate 35.00%
Federal Tax - Current $133,621.44 $34,289.50
After Tax Temp Differences $0.00 $0.00
Cash Tax Adjustments $0.00 $0.00
Cash Provision $133,621.44 $34,289.50
Non-Cash Tax Adjustments $0.00 $0.00
Total Current Federal Provision $133,621.44 $34,289.50

Deferred Tax Provision:

Begin Deferred Tax Per B/S ($700.00) $2,100.00

+ Bal Sheet Only Adjustment $0.00 $0.00
- Ending Deferred Tax Per B/S $4,970.00 $4,200.00
+ CTA $0.00 $0.00
+ Deferred Provision Only $0.00 $0.00

Total Deferred Tax Provision ($5,670.00) ($2,100.00)

Equity Adjustment $0.00 $0.00
Total Federal Tax Provision $127,951.44 $32,189.50
Total State Tax Provision $46,224.24 $2,913.00
Total Tax Provision $174,175.68 $35,102.50
Effective Tax Rate 44.66% 39.00%
 UNIT 2KS UNIT 3KS
Unit 2 Unit 3

($150,000.00) $450,000.00

$0.00 $0.00
($8,050.35) $24,070.80
$0.00 $27,774.00

($8,050.35) $51,844.80

$1,200.00 $6,200.00
$5,000.00 $5,000.00

$6,200.00 $11,200.00

($135,749.65) $409,355.20

$1,500.00 ($6,300.00)
$7,000.00 $8,000.00

$8,500.00 $1,700.00

($127,249.65) $411,055.20
$0.00 $0.00
($127,249.65) $411,055.20
35.00% 35.00%
($44,537.38) $143,869.32
$0.00 $0.00
$0.00 $0.00
($44,537.38) $143,869.32
$0.00 $0.00
($44,537.38) $143,869.32

($1,400.00) ($1,400.00)
$0.00 $0.00
$1,575.00 ($805.00)
$0.00 $0.00
$0.00 $0.00

($2,975.00) ($595.00)
 $0.00 $0.00
($47,512.38) $143,274.32
($8,409.80) $51,721.04
($55,922.18) $194,995.36
37.28% 43.33%