Benchmark - State Apportionment
Wchen1
StateApportionment.docx
State Apportionment
Use this resource to complete the State Apportionment assignment in Topic 8. You will use the table below to complete Part 2 of the assignment.
State departments of revenue are found at the following links:
· Kansas: https://www.ksrevenue.org/index.html
· Oklahoma: https://www.ok.gov/tax/Forms_&_Publications/Forms/Income/
XYZ Corporation is not part of a consolidated group and is located at 3300 W. Camelback Road, Suite 135, Phoenix, AZ 85017. The business is incorporated in the State of Arizona, and business started 1/14/2010. Its EIN is 86-1234567 and the NAICS code is 332311.
The following information is available regarding the activity in each state:
|
|
Arizona |
Kansas |
Oklahoma |
|
Property: |
|
|
|
|
Inventory (at cost), beginning of year |
7,000,000 |
3,000,000 |
1,000,000 |
|
Inventory (at cost), end of year |
8,000,000 |
2,500,000 |
1,200,000 |
|
Depreciable assets, beginning of year |
20,000,000 |
4,000,000 |
500,000 |
|
Depreciable assets, end of year |
21,000,000 |
4,000,000 |
900,000 |
|
Land, beginning of year |
5,000,000 |
2,000,000 |
0 |
|
Land, end of year |
5,000,000 |
2,000,000 |
0 |
|
Rented property |
|
|
300,000 |
|
|
|
|
|
|
Wages: |
|
|
|
|
Compensation for officers |
4,000,000 |
0 |
0 |
|
Wages, salaries, and commissions |
22,400,000 |
3,600,000 |
420,000 |
|
|
|
|
|
|
Sales: |
|
|
|
|
Sales of products, shipped from outside the state |
20,000,000 |
|
|
|
Sales of products, shipped from inside the state |
50,000,000 |
20,000,000 |
10,000,000 |
|
Sales of products, shipped to the U.S. government |
200,000 |
0 |
0 |
|
Sales of services |
0 |
0 |
0 |
|
Portfolio income |
12,000 |
0 |
0 |
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