Suppose that OZ Inc. is a large multi-national firm based in Kansas (producing brains, hearts, and courage)
Question:
a. Compute the amount of net income that would be taxable in Kansas using the three-factor apportionment formula.
b. Compute the amount of net income that would be taxable in Kansas using a double-weighted sales apportionment formula.
c. Compute the amount of net income that would be taxable in Kansas using a sales-only apportionment formula.
d. Explain what factors policymakers in Kansas should consider as they debate what apportionment formula to apply.
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