In order to calculate the percentage of your income in a given state, you may use the following method:
[Income made in given state]
____________________________ = [DECIMAL] x 100 = % of Income made in given state
[Total income made]
An example would be:
Christine runs a private practice. For the current quarter, she has made $10,000 this quarter. $2,500 of that has come from the clients she sees in California. She will calculate the percentage of her income in California by using the following method:
________ = 0.25 x 100 = 25% of income from California
This post is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post.