Exercise 16-4 (Algorithmic) (LO. 6)

Fillon operates manufacturing facilities in States A and B. Fillon has nexus with both states; apportionment factors are 0.75 for A and 0.25 for B. Taxable income for the year totaled $356,250 , with a $475,000 A profit and a $118,750 B loss.

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

Calculate taxable income for the year for:

State A:$

State B:$