Use Computing Corporate State Income Tax Liability to compute Balboa Corporations State F taxable income for the
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UseComputing Corporate State Income Tax Liabilityto compute Balboa Corporations State F taxable income for the year.
| Addition modifications | $29,000 |
| Allocated income (total) | $25,000 |
| Allocated income (State F) | $3,000 |
| Allocated income (State G) | $22,000 |
| Apportionment percentage | 40% |
| Credits | $800 |
| Federal taxable income | $90,000 |
| Subtraction modifications | $15,000 |
| Tax rate | 5% |
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