12/29/2022 0 Comments Az income tax table for 2016The calculation for 2009 and subsequent years is as follows: The weight on sales increases over the 3-year phase in period. The 80% Sales Factor calculation assigns different weights to each factor putting an emphasis on sales made in Arizona. Sales in Arizona multiplied by 8 and divided by global sales.Sales is defined as manufacturing and selling or purchasing and reselling.Value is the original cost of real and tangible property.Like the Double Weighted apportionment, the 80% Sales Factor employs the same 3 factors to determine the percentage of income that is subject to taxation in the state of Arizona: Beginning in 2014, the corporate income tax rate will decrease incrementally by the following schedule:Ĭorporations have the option to either use the Double Weighted or 80% Sales Factor apportionment to calculate taxable income for Arizona. Net income is currently taxed at a flat rate of 6.968% or $50, which ever is greater.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
January 2023
Categories |