Use Figure 24.1 to compute Balboa Corporation's State F taxable income for the year.

Addition modifications......................  $29,000Allocated income (total) ..................... $25,000Allocated income (State F) ................... $3,000Allocated income (State G) .................$22,000Apportionment percentage......................40%Credits.......................................................  $800Federal taxable income...................... $90,000Subtraction modifications...................$15,000Tax rate..............................................             5%

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X X Computing Corporate State Income Tax Liability Starting point in computing taxable income* State modification items State tax base Total net allocable income/(loss) (nonbusiness income) Total apportionable income/(loss) (business income) State's apportionment percentage Income apportioned to the state Income/(loss) allocated to the state State taxable income/(loss) State tax rate Gross income tax liability for state State's tax credits Net income tax liability for the state