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FedEx Inc is headquartered in Little Rock, AR. FedEx has an Arkansas state income tax base of $434,500. Of this amount, $76,900 was nonbusiness income.
FedEx Inc is headquartered in Little Rock, AR. FedEx has an Arkansas state income tax base of $434,500. Of this amount, $76,900 was nonbusiness income. FedEx's Arkansas apportionment factor is 28.52 percent. The nonbusiness income allocated to Arkansas was $61,950. Assuming an Arkansas corporate tax rate of 7.75 percent, what is FedEx's Arkansas state tax liability? Note: Round your answer to the nearest whole number. Multiple Choice $9,010 $12,705 $13,790 $9,273
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