Ask Question
11 November, 03:39

Della Corporation is headquartered in Carlisle, Pennsylvania. Della has a Pennsylvania state income tax base of $433,500. Of this amount, $76,700 was nonbusiness income. Della's Pennsylvania apportionment factor is 28.52 percent. The non-business income allocated to Pennsylvania was $61,850. Assuming a Pennsylvania corporate tax rate of 7.75 percent, what is Della's Pennsylvania state tax liability?

+1
Answers (1)
  1. 11 November, 05:57
    0
    Della's Pennsylvania state tax liability is $12,679.73

    Explanation:

    Tax Liability

    = [{ (Income Tax Base - Non Business Income) x Apportionment Factor} + Allocated Non - business Income] x tc

    = [{ ($433,500 - $76,700) x 0.2852} + $61,850] x 0.0775

    = [$101,759.36 + $61,850] x 0.0775

    = $163,609.36 x 0.0775

    = $12,679.73

    Therefore, Della's Pennsylvania state tax liability is $12,679.73
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Della Corporation is headquartered in Carlisle, Pennsylvania. Della has a Pennsylvania state income tax base of $433,500. Of this amount, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers