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Check my work Problem 23-49 (LO 23-3) (Algo) Ashton Corporation is headquartered in Pennsylvania and has a state income tax base there of $561.000. Of
Check my work Problem 23-49 (LO 23-3) (Algo) Ashton Corporation is headquartered in Pennsylvania and has a state income tax base there of $561.000. Of this amount, $68,000 was nonbusiness income. Ashton's Pennsylvania apportionment factor is 40.30 percent. The nonbusiness income allocated to Pennsylvania was $28,500. Assuming a Pennsylvania corporate tax rate of 8.25 percent, what is Ashton's Pennsylvania state tax liability? (Round your answer to the nearest whole dollar amount.) State tax liability Prev 1 of 1 !!! Next
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