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Cal fed tx qz 2 Exercise 16-5 (Algorithmic) (LO. 6) Beckett Corporation has nexus with States A and B. Apportionable income for the year totals

Cal fed tx

qz 2

Exercise 16-5 (Algorithmic) (LO. 6)

Beckett Corporation has nexus with States A and B. Apportionable income for the year totals $1,035,000. Becketts apportionment factors for the year use the following data.

State A State B Total
Sales $1,242,000 $745,200 $1,987,200
Property $207,000 $0 $207,000
Payroll $310,500 $0 $310,500

Do not round any division. Round your final answer to the nearest dollar.

Compute Becketts B taxable income for the year; B uses a three-factor apportionment formula with a double-weighted sales factor.

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