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Below is the company's calculation for Federal taxable income, as well as other information particular to the state of Delaware. Federal taxable income Sales Revenue
Below is the company's calculation for Federal taxable income, as well as other information particular to the state of Delaware. Federal taxable income Sales Revenue COGS Gross Profit Rental Income Total Income Payroll expense Depreciation Other expenses Total expense Federal taxable income Property in Delaware Property Everywhere Payroll in Delaware Using the above, complete the calculation for the Delaware Apportionment Factor (Delaware uses the traditional 3-factor apportionment formula). Round your responses to the nearest 10th, i.e. xx.xx%). Payroll Everywhere Sales in Delaware Sales Everywhere Total Delaware Apportionment Factor 1,000,000 5,000,000 60,000 $500,000 (Delaware Sales) $300,000 $200,000 500,000 $50,000 (nonbusiness rental income from DE property) $250,000 -$60,000 Delware payroll -$15,000 (Delaware depn = $12,000) -$10,000 -$85,000 $165,000 II = II = $200,000 II 20.00% $27,000
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