Question
State Apportionment Use this resource to complete the State Apportionment assignment in Topic 8. You will use the table below to complete Part 2 of
State Apportionment Use this resource to complete the State Apportionment assignment in Topic 8. You will use the table below to complete Part 2 of the assignment. State departments of revenue are found at the following links: Arizona: https://azdor.gov/ Kansas: https://www.ksrevenue.org/index.html Oklahoma: https://www.ok.gov/tax/Forms_&_Publications/Forms/Income/ XYZ Corporation is not part of a consolidated group and is located at 3300 W. Camelback Road, Suite 135, Phoenix, AZ 85017. The business is incorporated in the State of Arizona, and business started 1/14/2010. Its EIN is 86-1234567 and the NAICS code is 332311. The following information is available regarding the activity in each state: Arizona Kansas Oklahoma Property: Inventory (at cost), beginning of year 7,000,000 3,000,000 1,000,000 Inventory (at cost), end of year 8,000,000 2,500,000 1,200,000 Depreciable assets, beginning of year 20,000,000 4,000,000 500,000 Depreciable assets, end of year 21,000,000 4,000,000 900,000 Land, beginning of year 5,000,000 2,000,000 0 Land, end of year 5,000,000 2,000,000 0 Rented property 300,000 Wages: Compensation for officers 4,000,000 0 0 Wages, salaries, and commissions 22,400,000 3,600,000 420,000 Sales: Sales of products, shipped from outside the state 20,000,000 Sales of products, shipped from inside the state 50,000,000 20,000,000 10,000,000 Sales of products, shipped to the U.S. government 200,000 0 0 Sales of services 0 0 0 Portfolio income 12,000 0 0
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