Multiple Factor Allocations: MollCal, Inc., operates in three states: Missouri, Illinois, and California. The following information is
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Multiple Factor Allocations: MollCal, Inc., operates in three states: Missouri, Illinois, and California. The following information is available concerning the activities and taxing bases for each of the three states:
Company headquarters are located in Missouri. Total company profits were $750,000 before state taxes.
Required: What is the income tax liability due to each state?
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