Combined Reporting Study

STATE of RHODE I HOPE ISLAND Department of Revenue Division of Taxation Current Corporate Tax System Sample Single Sales apportionment: Single sales apportionment formula Rhode Island State B Total Factor Sales $2,000,000 $2,000,000 $4,000,000 $2,000,000/$4,000,000 = 50% Payroll $1,500,000 $200,000 $1,700,000 Property $2,500,000 $200,000 $2,700,000 Apportionment factor = 50% 8

View entire presentation