Prepared By :  D'Anniballe & Company, Inc.
	August 18, 2004
West Virginia Warehousing Company
Summary of Taxes
West Virginia Corporation Taxes
West Virginia  Corporate Income Tax			Tax Rate	Tax
	Net Income	300,000.00	9.00%	27,000.00
West Virginia Franchise Tax
	Net Worth	1,000,000.00	0.70%	7,000.00
Brooke County Personal Property Tax
Inventory	600,000.00
Equipment	2,000,000.00
		2,600,000.00
	Assessed Value	(@60.00%)			1,560,000.00
		Tax Rate	2.8328
		Tax			44,191.68
Brooke County Real Estate Tax
Cost of Real Estate		1,500,000.00
	Assessed Value	(@60.00%)		900,000.00
		Tax Rate	2.8328
		Tax		25,495.20
Business & Occupation Tax - Village of Beech Bottom
Gross Receipts		8,000,000.00
	Tax Rate per 100	0.15
	Tax			12,000.00
Payroll Taxes - State of West Virginia
State Unemployment
(First 8,000 of wages taxable)		Est Initial Tax Rate		2.70%
	Taxable Wages			320,000.00
		Tax		8,640.00
State Workers Compensation					Est % of		Est Taxable
					Total Wages		Wages	Tax
	Tax Rates	Warehouse Wages		0.028800	82.00%		820,000.00	23,616.00
		Outside Sales Wages		0.018700	10.00%		100,000.00	1,870.00
		Clerical Wages		0.006800	8.00%		80,000.00	544.00
							1,000,000.00	26,030.00
Summary of Taxes
Corporate Income Tax				27,000.00
Corporate Franchise Tax				7,000.00
Personal Property Taxes				44,191.68
Real Estate Tax				25,495.20
Payroll Taxes
Unemployment				8,640.00
Workers' Compensation				26,030.00
Business & Occupational Tax				12,000.00
		Total		150,356.88