This benchmark assignment assesses the following competency: 3.2: Demonstrate the skills required to apply that knowledge in providing tax preparation and advisory services and performing other respon

This benchmark assignment assesses the following competency: 3.2: Demonstrate the skills required to apply that knowledge in providing tax preparation and advisory services and performing other respon 1

State Apportionment

Use this resource to complete the State Apportionment assignment in Topic 8. You will use the table below to complete Part 2 of the assignment.

State departments of revenue are found at the following links:

Arizona: https://azdor.gov/
Kansas: https://www.ksrevenue.org/index.html
Oklahoma: https://www.ok.gov/tax/Forms_&_Publications/Forms/Income/

XYZ Corporation is not part of a consolidated group and is located at 3300 W. Camelback Road, Suite 135, Phoenix, AZ 85017. The business is incorporated in the State of Arizona, and business started 1/14/2010. Its EIN is 86-1234567 and the NAICS code is 332311.

The following information is available regarding the activity in each state:

	Arizona	Kansas	Oklahoma
Property:
Inventory (at cost), beginning of year	7,000,000	3,000,000	1,000,000
Inventory (at cost), end of year	8,000,000	2,500,000	1,200,000
Depreciable assets, beginning of year	20,000,000	4,000,000	500,000
Depreciable assets, end of year	21,000,000	4,000,000	900,000
Land, beginning of year	5,000,000	2,000,000
Land, end of year	5,000,000	2,000,000
Rented property			300,000

Wages:
Compensation for officers	4,000,000
Wages, salaries, and commissions	22,400,000	3,600,000	420,000

Sales:
Sales of products, shipped from outside the state	20,000,000
Sales of products, shipped from inside the state	50,000,000	20,000,000	10,000,000
Sales of products, shipped to the U.S. government	200,000
Sales of services
Portfolio income	12,000