Question: Refer to the facts in problem 2. Compute the state income tax savings if Oldham could relocate its personnel so that payroll expense in State
Refer to the facts in problem 2. Compute the state income tax savings if Oldham could relocate its personnel so that payroll expense in State M increased to $1,900 (thou-sand) and payroll expense in State N decreased to $100 (thousand).
In Problem 2
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State MM State M Total Gross receipts from sales Payroll expense Property costs 3,000 800 900 $7,500 1,200 1,000 $10,500 2,000 1,900
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State Ms payroll factor would increase to 95 and State Ns payroll factor would decrease to 5 E... View full answer
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