How much of FTB?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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