If a taxpayer moves permanently out of California to another state, which of the following best describes the way in which California will tax that taxpayer will be treated? Taxpayer must pay California income tax on all income for the year Review Later Taxpayer must pay California income tax on all income earned while a California resident, but not income earned after having moved permanently to the other state Taxpayer must pay California income tax on none of the income for the year None of the above
Added by James R.
Close
Step 1
The question asks how California will tax a taxpayer who moves permanently out of state. Show more…
Show all steps
Your feedback will help us improve your experience
Akash M and 97 other Principles of Accounting educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Recommended Videos
14. Phil is a California resident. He agreed to work overseas for one year. He returned to California after the employment contract expired and stayed for three months. Then, he signed another contract with the same employer to work overseas for another year. Which of the following is true regarding Phil’s California residency status? A. He cannot be considered a nonresident under the safe harbor rule. B. He can be considered a nonresident under the safe harbor rule. C. He can combine the days he was overseas from the two separate contracts. D. He cannot be considered a nonresident because the principal purpose of his absence from California is to avoid personal income tax. 15. Even if the taxpayer does not meet the California basic filing requirements, he or she should still file a tax return in order to get a refund if which of the following apply? A. California state income tax was withheld from his or her pay. B. He or she had income from an S corporation, partnership, or LLC. C. He or she made California estimated tax payments. D. All of the above.
Akash M.
A taxpayer is out of state on an employment contract of an indefinite nature for the 600th day when he decides to file his state tax return. He has no California source income for the year, but originally left the state as a resident. What filing status should he use for the California return? (Assume his income, in general, would be over the amount of the filing threshold for the State.) Select one: a. Full-year Resident b. Part-year Resident c. Nonresident d. He doesn't need to file a return.
Benjamin D.
Luke H.
Recommended Textbooks
Horngren’s Cost Accounting
Cost Accounting A Managerial Emphasis
Principles of Accounting Volume 1: Financial Accounting
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD