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How much of FTB?

How much of FTB?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A taxpayer spends six months in the year working and living in the state. They move across the border, but keep the same job. For all intents and purposes, they are now domiciled in this other state for the latter half of the year. How much of the income that they receive is considered California source income taxable under the jurisdiction of the FTB? All of it Only the half while the taxpayer was domiciled within the state None of it An apportioned amount based on amounts earned compared between two different time periods of residency and nonresidency
Transcribed Image Text:A taxpayer spends six months in the year working and living in the state. They move across the border, but keep the same job. For all intents and purposes, they are now domiciled in this other state for the latter half of the year. How much of the income that they receive is considered California source income taxable under the jurisdiction of the FTB? All of it Only the half while the taxpayer was domiciled within the state None of it An apportioned amount based on amounts earned compared between two different time periods of residency and nonresidency
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