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A corporation operates in seven states. Its Taxable Income amounts to $800,000 and other relevant information is: Amounts Attributable to State 1 Totals Sales $9,000,000

A corporation operates in seven states. Its Taxable Income amounts to $800,000 and other relevant information is:

Amounts Attributable to State 1 Totals

Sales $9,000,000 $20,000,000

Property Values $1,500,000 $5,000,000

Compensation $1,890,000 $9,000,000

State 1 uses the weighted average of 3 factors to allocate multi state income. How much income will be taxed by State 1? (nearest percent)

A. $256,000

B. $266,667

C. $360,000

D. $168,000

E. $240,000

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