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Assume that the unitary income of group of corporations is $7,556,000. Company A, Company B, and Company C are in California. The following is a
Assume that the unitary income of group of corporations is $7,556,000. Company A, Company B, and Company C are in California. The following is a combined report of a California income. Everywhere Combined Totals Company A Company B Company C Sales $15,000,000 $35,000,000 $60,000,000 Property $ 8,000,000 $10,000,000 $20,000,000 Payroll $12,000,000 $10,000,000 $15,000,000 California Totals Sales $7,000,000 $5,000,000 $1,000,000 Property $1,000,000 $1,500,000 $0 Payroll $3,000,000 $1,750,000 $0 Calculate the California Income using the three-factor formula
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