What formula is used in your state for apportionment of multistate income and what are your corporate

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What formula is used in your state for apportionment of multistate income and what are your corporate income tax rates?

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This is how states typically handle apportionment of multistate income and corporate income tax rates in the United States Apportionment Formula for Multistate Income States use various apportionment formulas to determine how much of a corporations income is taxable in that state especially if the corporation operates in multiple states Commonly used apportionment formulas include the single sales factor formula which considers only sales made within the state as well as formulas that weigh factors like sales payroll and property within the state The specific formula varies by state and some states may have more complex formulas or allow corporations to elect certain methods Corporate Income Tax Rates Corporate income tax rates also vary by state Each state has its own corporate income tax rate ...View the full answer

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