Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help Solve [The following information applies to the questions displayed below.] 7 Nicole's Salon, a Louisiana corporation, operates beauty salons in Arkansas, Louisiana, and Tennessee.

Help Solve

image text in transcribed

[The following information applies to the questions displayed below.] 7 Nicole's Salon, a Louisiana corporation, operates beauty salons in Arkansas, Louisiana, and Tennessee. The salon's payroll by state are as follows: Part 2 of 2 Nicole's Salon State Payroll Arkansas $ 145,687 Louisiana 378,995 Tennessee 729,845 Total $1,254,527 7.5 points What are the payroll apportionment factors for Arkansas, Louisiana, and Tennessee in each of the following alternative scenarios? (Round your answers to 2 decimal places.) b. Nicole's Salon has income tax nexus in Arkansas, Louisiana, and Tennessee, but $63,548 of the Arkansas amount is paid to independent contractors. Payroll Apportionment Factors Arkansas % Louisiana % Tennessee %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations And Evolutions

Authors: Amie Dragoo, Michael Kinney, Cecily Raiborn

10th Edition

1618533533, 9781618533531

More Books

Students also viewed these Accounting questions

Question

Answered: 1 week ago

Answered: 1 week ago