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Castle copration conducts business in states 1,2, and 3. Castles's $630,000 taxable income consists of $555,000 apportionable income and $75,000 allocable income generated from transactions
Castle copration conducts business in states 1,2, and 3. Castles's $630,000 taxable income consists of $555,000 apportionable income and $75,000 allocable income generated from transactions conducted in State 3. Castle's sales, property, and payroll are evenly divided among the three states, and the states all employ a three-equal-factors apportionment formula. How much of Castle's income is taxable in:
a. State 1?
b. State 2?
c. State 3?
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