WPCbH 2 BP Z Courier 10cpi3|rurier 10cpi (Bold)CG Times (Scalable)HP LaserJet IIISi in front 812HPLASIII.PRSx  @H zX@2 <>#NX*3|x'Courier 10cpiCourier 10cpi (Bold)HPLAIISI.WRSx  @,,,$X@?xxx,wx6X@8;X@?xxx,x `B;XANE,#, P7P@NE,7!3_ p^722TT"222t2SSSSX[[&d<d<BBYYdBBddBYBdYzzzzBBBBqodYYYYYYYYYYY8888dddddddnddddddd"5@^2Boddȧ8BBdr2B28ddddddddddBBrrrdzNdzoȐB8BtdBdoYoYBdo8Bo8odooYNBodddYO,Oh2BB!BBPRBdodddddȐYYYYYN8N8N8N8oddddooooddoddddzodddYYYYYYddddooPoNoNBNodo8RoodȐYYoNoNNF2ldBdddddd/`C8,A(vX`2p NQX?^N:,~^\  P6QP.?cN:,$c4  pQ7PC2,CXP\  P6QXP .7UC2,$XU4  pQXx (#%'0*,.8135@8:> 'j> 0:"`H2 : ^ENluuNNNuNNNNuuuuuuuuuuNNhN[}NNNuuNhuhuhNuuAAuAuuuuV[AuuuuhhuhuuuuuuNuuuuuuuuuAhhhhhhhhhhNANANANAuuuuuuuuuuhuuuuuuuuuuuuuuuuuuuuuuuuuAuuuuuuuuuFAuuuuuu~Y}u}uuuuuuuuugNuuNNNWxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxNuuuNh__uuuuuuRuuuuRNNyyu<<uuuuuNyuR"uyuuNNxNuuuuNuhulcuhhNNNNh[huhNAhhuhuuuhhNuhNNuuuuuuuNuhN"`H2 : ^ENluuNNNuNNNNuuuuuuuuuuNNu[pNNNuuNuhhRuANAuh[NuuuhuuuuuuuuuNuuuuuuuuAuuuuuhhhhh[A[A[A[AuuuuuuuuuuuuuuuuuuuuuuuuuuAuuuuuuu[Auuuu[uuuuuuhNuuNNNWxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxNuuuNuccuuuuuuRuuuuRNNu<<uuuuuNuR"uuuNNxNuuuuNuhupcuuuNNNNh[hhh[Ahhuhuuuhh[uhNNuuuuuuuNuhN"Sh5^;C]ddCCCdCCCCddddddddddCCȲY~~vCN~sk~CCCddCYdYdYCdd88d8ddddJN8ddddYYdYddddddCddddddddd8YYYYYY~Y~Y~Y~YC8C8C8C8ddddddddddYdddddsdddddddd~d~d~d~ddddddddd8ddddoddd~d~d<|8tddddddlLkdkd~d~d~ddddddXCddCCCWxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxNdddCYQQddddddFddddFCChhd44ddzzdddvooChdF"Ȑdhd岲dCCȐzȲxCddodȐȅdCdYdsȐ]ȐȐȧzȐUvŐdȐYYCCCCŐz~ozoY~NYdYC8YooYdYzsdzdd~YYzozzz~CdzYzzzzCCdddddddzCsdYC2?C'``H"Sh5^;C]ddCCCdCCCCddddddddddCCȲdxN`xoȐCCCddCdoYoYFdo8Co8odooYNCodddYdddddddddCddddddddo8dddddϐYYYYYN8N8N8N8oddddooooddoddddxoddddddodddddddddood8doddrddoddN8ooddddoNododdddooooȐdYCddCCCWxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxNdddCdUUddddddFddddFCCssd44ddzzddd~ooCsdF"Ȑdsd岲dCCȐzȲxCddodȐȅdCdYdsȐ`ȐȐȮzȐUvŐdȐddCCCCŐzozoYNYYYN8YooYdYzzdzddYYzozzzNdzYzzzzCCdddddddzCzdYC"Sh5^9@Y``@@@`@@@@``````````@@Uyyr@Kyngy|@@@``@U`U`U@``55`5````GK5````UU`U``````@`````````5UUUUUUyUyUyUyU@5@5@5@5``````````U`````n````````y`y`y`y`````````5````j```y`y`{:w6o``````hIg`g`y`y`y``````{T@``@@@WxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxN```@UNN``````C````C@@cc`22``uu```rjj@c`C"`d`媪`@@ux@``j``@`U`n|YuRrŊ`UU@@@@ŊuyjujUyK|U`U@5UjjU`Uun`u``yUUujuuuy@`uUuuuu@@```````u@n`U@ a<  #^\  P6Q,P#FEDERAL COMMUNICATIONS COMMISSION ă  b <2#XP\  P6Q[hXP#WASHINGTON, D.C. 20554 WFebruary 6, 1987 VIn reply refer to:  X-[l RAO Letter 4 (# (#\Responsible Accounting Officer FCC Form M and Report 901 Subject: Interim Reporting of Income Taxes for 1987  v The Tax Reform Act of 1986, effective July 1, 1987, reduces the corporate income tax  Y - d(# rate from 46 #Xs\  P6Qr?P#percent to 34 percent, which results in  $H a $H  blended rate of approximately 40 percent #Xs\  P6Qr?P#for calendar year taxpaying companies.  v We have received several inquiries regarding the appropriate accounting for this change in  d(#f!the tax rate in interim reports to this Commission. For financial reporting outside of the Commission  d(#(SEC, shareholders, etc.) and under the Tax Reform Act of 1986, income taxes are required to be calculated based on a blended rate.  v ZIn order to avoid any misunderstanding and to maintain uniformity in the accounting system  d(#+ prescribed by Part 31, we are directing carriers to use a blended rate in monthly FCC Report 901 filing with this Commission. ` `  hhCq$HSincere $H Sincerely $H  $Hy  . x` `  hh@hGerald Brock, x` `  hh@hChief, Accounting and Audits Division