Question
General Corporation is taxable in a number of states. This year, General made a $100,000 sale from its A headquarters to a customer in B.
General Corporation is taxable in a number of states. This year, General made a $100,000 sale from its A headquarters to a customer in B. This activity is not sufficient for General to create nexus with B (sale is not taxed in State B). State A applies a throwback rule, but State B does not. In which state(s) will the sale be included in the sales factor numerator?
- $0 in both A and B.
b. $100,000 in A.
c. $100,000 in B.
d. In both A and B, according to the apportionment formulas of each.
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Auditing Concepts For A Changing Environment
Authors: Larry E. Rittenberg, Bradley J. Schwieger
5th Edition
0324223102, 978-0324223101
