Arizona Form 309 Instructions - Credit For Taxes Paid To Another State Or Country - 2014 Page 10

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Arizona Form 309
Part II – Computation of Other State or Country Tax Credit
7. Arizona tax liability less any credits (except other state tax credit)…………………………………………….. 7
1,933
8. Amount from Part I, line 6……………………………………………………………………………………..... 8
47,000
9. ** Entire income upon which Arizona income tax is imposed……………………………………………......... 9
87,000
10. Divide the amount on line 8 by the amount on line 9 (cannot be greater than
)……………………………...... 10
.5402
1
11. Multiply the amount on line 7 by the decimal on line 10……………………………………………………….. 11
1,044
12. Income tax paid to State Z (tax less credits)…………………………………………………………………...... 12
2,154
13. Amount from Part I, line 6……………………………………………………………………………………..... 13
47,000
14. ***Entire income upon which State Z’s income tax is imposed……………………………………………....... 14
68,875
15. Divide the amount on line 13 by the amount on line 14 (cannot be greater than 1)…………………………...... 15
.6824
16. Multiply the amount on line 12 by the decimal on line 15…………………………………………………........ 16
1,470
17. Other state or country tax credit. Enter the smaller of line 11 or line 16……………………………………..... 17
1,044
* Lines 1 through 6 – Income subject to tax in both Arizona and State XY
Before completing lines 1 through 6, Mr. and Mrs. R must complete page 2 of Arizona Form 309, Schedule of Income Allocation.
Even though Mr. and Mrs. R must report wage income, interest income and rental income to State Z, only the wage income earned
for services performed in State Z would be sourced to State Z if State Z were taxing Mr. and Mrs. R as nonresidents. Therefore,
when Mr. and Mrs. R complete the Schedule of Income Allocation, Mr. and Mrs. R indicate that only $47,000 of wages would be
sourced to State Z as income of a nonresident of State Z.
Mr. and Mrs. R must report State Z wages of $47,000 in Arizona gross income and $47,000 of State Z wages in State Z’s
equivalent of Arizona gross income. There are no additions or subtractions related to the $47,000 of State Z wages required under
either Arizona law, or State Z law. Therefore, $47,000 of State Z wage income is included in Arizona adjusted gross income and
$47,000 of State Z wage income is included in State Z’s equivalent of Arizona adjusted gross income.
**Line 9 – Entire income upon which Arizona tax is imposed
For the purpose of the credit, Mr. and Mrs. R compute the entire income upon which Arizona tax is imposed as follows:
Arizona adjusted gross income
$ 84,700
Plus dependent, blind, age 65 or over, and qualifying
parent and grandparent exemptions
2,300
Entire income upon which Arizona income tax is imposed
$ 87,000
***Line 14 – Entire income upon which State Z tax is imposed
This is the entire income upon which State Z tax is imposed. This is State Z’s equivalent of Arizona adjusted gross income for
these individuals. For the purpose of the credit, Mr. and Mrs. R compute the entire income upon which State Z tax is imposed as
follows:
State Z’s equivalent of Arizona adjusted gross income
$ 64,875
State Z’s equivalent of Arizona’s dependent exemptions
4,000
Entire income upon which State Z’s tax is imposed
$ 68,875
List of State Abbreviations
State
State
State
State
Alabama
AL
Indiana
IN
Mississippi
MS
Oklahoma
OK
Arkansas
AR
Iowa
IA
Missouri
MO
Oregon
OR
California
Kansas
Montana
Pennsylvania
CA
KS
MT
PA
Colorado
CO
Kentucky
KY
Nebraska
NE
Rhode Island
RI
Connecticut
Louisiana
New Jersey
South Carolina
CT
LA
NJ
SC
Delaware
DE
Maine
ME
New Mexico
NM
Utah
UT
Georgia
GA
Maryland
MD
New York
NY
Vermont
VT
Hawaii
HI
Massachusetts
MA
North Carolina
NC
Virginia
VA
Idaho
ID
Michigan
MI
North Dakota
ND
West Virginia
WV
Illinois
IL
Minnesota
MN
Ohio
OH
Wisconsin
WI
10

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