Fillon operates manufacturing facilities in States A and B. Fillon has nexus with both states; apportionment factors

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Fillon operates manufacturing facilities in States A and B. Fillon has nexus with both states; apportionment factors are .70 for A and .30 for B. Taxable income for the year totaled $150,000, with a $200,000 A profit and a $50,000 B loss.
Calculate taxable income for the year for:
a. State A.
b. State B.
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South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781337386173

21st Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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