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State tax filing
Massachusetts generally will tax on all income, apply the tax rate, and then determine the ratio of Mass income/total income. Once the ration has been determined, then it is multiplied by the tax liability generated from all income. In this case, ($150,000)(5.05%)(100/150)= $5050
This is just an example on how Massachusetts tax income when some of it is from out of state.
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March 31, 2020
11:48 AM