Question
Exercise 16-4 (Algorithmic) (LO. 6) Fillon operates manufacturing facilities in States A and B. Fillon has nexus with both states; apportionment factors are 0.6 for
Exercise 16-4 (Algorithmic) (LO. 6)
Fillon operates manufacturing facilities in States A and B. Fillon has nexus with both states; apportionment factors are 0.6 for A and 0.4 for B. Taxable income for the year totaled $266,250 , with a $355,000 A profit and a $88,750 B loss.
If required, round your final answers to the nearest dollar.
Calculate taxable income for the year for:
State A:$
State B:$
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
1118738101, 978-1118738108
