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9. (LO2) Based on the following, how much is income subject to California income tax? Taxpayer's residence is Oregon and he/she receives wages of $62,000
9. (LO2) Based on the following, how much is income subject to California income tax? Taxpayer's residence is Oregon and he/she receives wages of $62,000 from an employer headquartered in California. The taxpayer works in Oregon. Taxpayer received a $4,000 capital gain on the sale of California land, and $600 in dividends from a California corporation. 15. (L04) Assume a part-year California resident has taxable income of $60,000 (computed as if a full-year resident), taxable income of $40,000 (California sources only), and tax on the $60,000 of $2,748. What is the part-year resident only tax before exemption credit? (round decimal to 4 decimal points) 18. a. (LO5) Lonnie bought $1,200 worth of items from sources out of California. Each item cost less than $1,000. No sales or use taxes was paid on any of the purchases. Lonnie lives in Sacramento and his AGI is $72,000. How much would Lonny owe in use tax if he chooses to use the Estimated Use Tax Lookup Table? 18. b. (LO5) If Lonnie's purchase in 8a above was over $1,000, how much would he owe in use tax as a resident of Sacramento? 19. (L06) Sally had two jobs in California. California Pizza paid her $80,000 and withheld $800 for SDI. She changed jobs mid year to California Burrito who paid her $40,000 and withheld $400 for SDI. How much, if any, is Sally's credit for excess SDI? 9. (LO2) Based on the following, how much is income subject to California income tax? Taxpayer's residence is Oregon and he/she receives wages of $62,000 from an employer headquartered in California. The taxpayer works in Oregon. Taxpayer received a $4,000 capital gain on the sale of California land, and $600 in dividends from a California corporation. 15. (L04) Assume a part-year California resident has taxable income of $60,000 (computed as if a full-year resident), taxable income of $40,000 (California sources only), and tax on the $60,000 of $2,748. What is the part-year resident only tax before exemption credit? (round decimal to 4 decimal points) 18. a. (LO5) Lonnie bought $1,200 worth of items from sources out of California. Each item cost less than $1,000. No sales or use taxes was paid on any of the purchases. Lonnie lives in Sacramento and his AGI is $72,000. How much would Lonny owe in use tax if he chooses to use the Estimated Use Tax Lookup Table? 18. b. (LO5) If Lonnie's purchase in 8a above was over $1,000, how much would he owe in use tax as a resident of Sacramento? 19. (L06) Sally had two jobs in California. California Pizza paid her $80,000 and withheld $800 for SDI. She changed jobs mid year to California Burrito who paid her $40,000 and withheld $400 for SDI. How much, if any, is Sally's credit for excess SDI
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