(Answered) Ca combined report of incomeassume that the unitary income

Accounting

CA Combined Report of Income

Assume that the unitary income of ABC Inc., a group of corporations, is $6,000,000 in 2012.

A,B, and C are in California.

Use the following worksheet to compute the income that each must report to CA if B has rental income of $100,000. Assume CA uses the single sales factor.

Denominator	A	B	C	Total
Property	600,000	64,000	136,000	800,000
Payroll	500,000	26,000	74,000	600,000
Sales	4,000,000	600,000	400,000	5,000,000
Numerator	A	B	C	Total
Property	80,000		100,000	180,000
Payroll	50,000		70,000	120,000
Sales	150,000	400,000	500,000	1,050,000
Apportionment Factor	A	B	C	Total
Property
Payroll
Sales
Total
Average

Apportioned CA Income :
Allocated CA Income :
Total Taxable Income :

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