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Ashton Corporation is headquartered in Pennsylvania and has a state income tax base there of $480,000. Of this amount, $50,000 was non-business income. Ashton's Pennsylvania
Ashton Corporation is headquartered in Pennsylvania and has a state income tax base there of $480,000. Of this amount, $50,000 was non-business income. Ashton's Pennsylvania apportionment factor is 42.35 percent. The nonbusiness income allocated to Pennsylvania was $32,000. Assuming a Pennsylvania corporate tax rate of 8.25 percent, what is Ashton's Pennsylvania state tax liability
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