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LUCKY_DIMON [66]
2 years ago
14

Pella Corp. is headquartered in Carlisle, Wisconsin. Pella has a Wisconsin state income tax base of $434,000. Of this amount, $7

6,800 was nonbusiness income. Pella's Wisconsin apportionment factor is 28.52 percent. The nonbusiness income allocated to Wisconsin was $61,900. Assuming a Wisconsin corporate tax rate of 7.75 percent, what is Pella's Wisconsin state tax liability
Business
1 answer:
olga_2 [115]2 years ago
3 0

Answer:

$12,642

Explanation:

The computation of the state tax liability is given below:

Tax Liability is

= [{(Income Tax Base - Non Business Income) × Apportionment Factor} + Allocated Non-  business Income] × tax rate

= [{($434,000 - $76,800) × 0.2852} + $61,900] x 0.0775

= [$101,873.44 + $61,250] ×  0.0775

= 163,123.44 × 0.0775

= $12,642

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Answer:  A public cloud

     

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