Question
Delicious Dave's Maple Syrup, a Vermont Corporation, has property in the following states: Property State Beginning Ending Maine $ 1,000,001 $ 1,073,812 Massachusetts $ 158,278
Delicious Dave's Maple Syrup, a Vermont Corporation, has property in the following states:
| Property | ||
| State | Beginning | Ending |
|---|---|---|
| Maine | $ 1,000,001 | $ 1,073,812 |
| Massachusetts | $ 158,278 | $ 279,033 |
| New Hampshire | $ 442,897 | $ 342,662 |
| Vermont | $ 951,032 | $ 990,776 |
| Total | $ 2,552,208 | $ 2,686,283 |
What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios?
a) Delicious Dave's has income tax nexus in each of the states
|
b) Delicious Dave's has income tax nexus in each of the states, but the Maine total includes $495,000 of investment property that Delicious rents out (unrelated to its business).
|
c) Delicious Dave's has income tax nexus in each of the states, but it also pays $59,500 to rent property in Massachusetts.
|
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Financial Accounting The Impact On Decision Makers
Authors: Curtis L. Norton, Gary A. Porter
6th Edition
9781439037119, 1439037116
