Question
How does Turbox tax caculate New York Income Factor
I found something very strange in Turbox's calculation. NY state tax summary page shows that the NY income factor is 0.4191. However, I don't understand how this number was calculated. The summary page also states that the federal adjusted gross income is 300784. Based on my W-2, the NY State Amount is 40293 + 147353=187646. So, my understanding is that the NY income factor should be 187646/300784 = 0.6238. I'm not sure how Turbo tax derived the income factor of 0.4191. Can you please help me understand?
