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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.
| 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
Using the information above, add $300,000 of sales to no-where states (total company sales now $1,800,000). Assume the company is domiciled in State A and that State A uses a three factor formula with a throwback rule. Compute the companys apportionment factor for State A.
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