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manage- ment people have their offices at this location. The Company also has operations in tained and orders are filled. In addition, a sales staff
manage- ment people have their offices at this location. The Company also has operations in tained and orders are filled. In addition, a sales staff operates out of office space in each Assignment Problem Twelve - 7 (Geographical Allocation of Income) The Sundean Company has its national headquarters in Toronto, and all of its senior is warehouse, taking orders throughout the province in which the warehouse is located. For the current taxation year, the Company's Taxable Income totalled $1,546,000, on gross wages revenues of $10,483,000. Also during the current year, the Company had salaries and the prov- totalling $1,247,000. These gross revenues and expenses were distributed among inces where the Company has operations in the following manner: 10 Wages And Gross Revenues Salaries Accrued Alberta $ 1,886,940 ibn $ 261,870 British Columbia 2,306,260 274,340 Nova Scotia 1,362,790 174,580 Saskatchewan 1,257,960 99,760 Ontario 3,669,050 Omer 436,450 Total $10,483,000 $1,247,000 Required: Calculate the amount of the Sundean Company's Taxable income for the current year that would be allocated to each of the five provinces. Any percentages used in your calculations should be rounded to one decimal place. manage- ment people have their offices at this location. The Company also has operations in tained and orders are filled. In addition, a sales staff operates out of office space in each Assignment Problem Twelve - 7 (Geographical Allocation of Income) The Sundean Company has its national headquarters in Toronto, and all of its senior is warehouse, taking orders throughout the province in which the warehouse is located. For the current taxation year, the Company's Taxable Income totalled $1,546,000, on gross wages revenues of $10,483,000. Also during the current year, the Company had salaries and the prov- totalling $1,247,000. These gross revenues and expenses were distributed among inces where the Company has operations in the following manner: 10 Wages And Gross Revenues Salaries Accrued Alberta $ 1,886,940 ibn $ 261,870 British Columbia 2,306,260 274,340 Nova Scotia 1,362,790 174,580 Saskatchewan 1,257,960 99,760 Ontario 3,669,050 Omer 436,450 Total $10,483,000 $1,247,000 Required: Calculate the amount of the Sundean Company's Taxable income for the current year that would be allocated to each of the five provinces. Any percentages used in your calculations should be rounded to one decimal place
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