Combined Reporting Study

STATE of RHODE I HOPE ISLAND Department of Revenue Division of Taxation Current Corporate Tax System □ Sample tax calculation using single sales factor apportionment: Federal Taxable Income 1,000,000 Total Modifications Adjustable Taxable Income 1,000,000 Rhode Island Apportionment Ratio 50.00% Rhode Island Taxable Income 500,000 Tax Rate 9.0% Total Tax Due 45,000 6

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