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3) Longstreet, Inc. is based in Knoxville, but has nexus for income tax purposes in NC and SC as well as TN. Based on the

3) Longstreet, Inc. is based in Knoxville, but has nexus for income tax purposes in NC and SC as well as TN. Based on the following information, compute the apportionment factors for each State (assume that NC double weights the sales factor): Payroll TN $285,000 Payroll NC $115,000 Payroll SC $ 85,000 Property TN $600,000 Property NC $0 Property SC $100,000 Rents NC $82,000 Sales TN $750,000 Sales NC $350,000 Sales SC $150,000

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