CLV HW

QN 1

Fillon operates manufacturing facilities in States A and B. Fillon has nexus with both states; apportionment factors are 0.7 for A and 0.3 for B. Taxable income for the year totaled $391,875, with a $522,500 A profit and a $130,625 B loss.

If required, round your final answers to the nearest dollar.

Accordingly, taxable income for the year is as follows:

To State A:	$fill in the blank 1
To State B:	$fill in the blank 2

QN 2

Beckett Corporation has nexus with States A and B. Apportionable income for the year totals $960,000. Becketts apportionment factors for the year use the following data.

	State A	State B	Total
Sales	$1,152,000	$691,200	$1,843,200
Property	$192,000	$0	$192,000
Payroll	$288,000	$0	$288,000

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.