Question
Delicious Daves Maple Syrup, a Vermont corporation, has property in the following states: Property State Beginning Ending Maine $ 935,185 $ 1,006,788 Massachusetts $ 111,990
Delicious Daves Maple Syrup, a Vermont corporation, has property in the following states:
Property | |||||
State | Beginning | Ending | |||
Maine | $ | 935,185 | $ | 1,006,788 | |
Massachusetts | $ | 111,990 | $ | 215,097 | |
New Hampshire | $ | 391,601 | $ | 292,438 | |
Vermont | $ | 885,432 | $ | 907,576 | |
Total | $ | 2,324,208 | $ | 2,421,899 | |
|
What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios? (Round intermediate calculations and final answers to 2 decimal places.)
a. Delicious Daves has income tax nexus in each of the states.
b. Delicious Daves has income tax nexus in each of the states, but the Maine total includes $415,000 of investment property that Delicious rents out (unrelated to its business).
c. Delicious Daves has income tax nexus in each of the states, but it also pays $51,500 to rent property in Massachusetts.
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