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Assume Corporation D operates only within California and Illinois. Assume California uses the traditional 3 factor apportionment formula, and has 2 categories of income Business

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Assume Corporation D operates only within California and Illinois. Assume California uses the traditional 3 factor apportionment formula, and has 2 categories of income Business (apportionable) and Investment (allocated). Illinois uses a single factor, sales, and has only one category, apportionable. D has federal net taxable income of $1,200,000 in 2020, of which $200,000 is from gains on investments, managed by the HQ in SF, and $1,000,000 is from business operations. D has payroll of $500,000 in California ($200,000 in Illinois), property of $1,000,000 in California ($200,000 in Illinois), and sales receipts of $2,000,000 in California ($200,000 in Illinois). California's tax rate on corporations is 8% while Illinois' is 6%. How much state income tax does D pay in 2020

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