2020 Burden Worksheet

Burden Computation - Business Forms
March 09, 2020

Product: Form 970
OMB Number: 1545-0042
Description: Application to Use LIFO Inventory Method
Variables

Changes (+ -)

Responses
Line Items

2020

2,000

2,000

33

33

Attached Forms

4

Percent Paid Preparor
Code References

0.85

0.85

26

26

Computation of Changes
Old Computation (Prog. Change)

2,000

×

13.30

=

26,600

New Computation

2,000

×

21.11

=

42,220

=

15,620

Balance
Old Computation (Adjustment)

2,000

×

13.30

=

26,600

New Computation

2,000

×

13.30

=

42,220

Balance

=

Summary
Old Burden

26,600

Program Change

15,620

Adjustment
New Burden

21.11

Paperwork Reduction Act Notice
Time Per Response
21.11
Average Hours Per Response
Record Keeping

7.89

7 hrs. , 53 min.

Learning

4.05

4 hrs. , 03 min.

Preparing

8.09

8 hrs. , 05 min.

Sending

1.07

1 hrs. , 04 min.

Notes: