Section 12-6-2270 - [Effective for tax years through 2010] Payroll factor; definition of compensation; exclusions(A) The payroll factor is a fraction in which the numerator is the total amount paid by the taxpayer for compensation in this State during the taxable year and the denominator is the total compensation paid everywhere during the taxable year.(B) Compensation includes salaries, wages, commissions, and other personal service compensation paid or incurred in connection with the taxpayer's trade or business. For purposes of this article, all compensation paid to employees chiefly working at, sent out from, or chiefly connected with an office, agency, or place of business of the taxpayer in this State is deemed to be in connection with the trade or business of the taxpayer in this State.(C) Compensation paid to general executive officers having company-wide authority is excluded from the payroll factor.(D) All compensation in connection with income separately allocated is excluded from the payroll factor.