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If state a uses an equally-weighted formula but state b

Question - A corporation supplies the following information to you to determine its taxable income for states A and B:

State Sales Payroll Property

A $200,000 $80,000 $250,000

B $400,000 $120,000 $350,000

Total $600,000 $200,000 $600,000

If State A uses an equally-weighted formula but State B weights payroll twice as much as sales and property, what are the apportionment factors for States A and B?

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Accounting Basics: If state a uses an equally-weighted formula but state b

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Accounting Basics: If state a uses an equally-weighted formula but state b

Reference No:- TGS02615522

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