Question
Bucks Inc has operations in two states, as listed below. Operations generated $200,000 of apportionable income. State A State B Total Sales 600,000 900,000 1,500,000
- Bucks Inc has operations in two states, as listed below. Operations generated $200,000 of apportionable income.
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| State A | State B | Total |
| Sales | 600,000 | 900,000 | 1,500,000 |
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| Property | 400,000 | 200,000 | 600,000 |
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| Payroll | 300,000 | 100,000 | 400,000 |
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Compute Bucks State A taxable income assuming that State A apportions income based upon:
- Three-factor formula, weighted equally
- Three factor formula with double weighted sales factor
- Sales Factor only
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Financial Accounting Self Study Problems/Solutions Book
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
4th Edition
0471205133, 978-0471205135
