Income and Tax Magnitude

Income and Tax Magnitudes for Non-Minimum Corporations
  1994 1995 % Change
Returns 7,107 7,321 3.01%
Federal Taxable $ 2,572,912,757 $ 2,950,250,965 14.67%
Adjusted Income $ 2,566,358,228 $ 2,919,299,940 13.75%
Apportionable Income $ 2,443,127,306 $ 2,842,973,877 16.37%
Utah Taxable $ 2,458,543,030 $ 2,848,897,476 15.88%
Net Taxable $ 2,403,078,860 $ 2,781,936,980 15.77%
Tax $ 120,153,943 $ 139,096,849 15.77%
Income and Tax Ratios for Non-Minimum Corporations
Relative to Federal Taxable Income
Federal Taxable 100.00% 100.00% 100.00%
Adjusted Income 99.75% 98.95% 99.35%
Apportionable Income 94.96% 96.36% 95.66%
Utah Taxable 95.55% 96.56% 96.06%
Net Taxable 93.40% 94.29% 93.85%
Tax 4.67% 4.71% 4.69%

Last Updated on 04/02/1998