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Khan, Inc., a domestic corporation, reports $650,000 of gross income and an $80,000 expense, all related to real estate activities. Determine the expense allocation and
Khan, Inc., a domestic corporation, reports $650,000 of gross income and an $80,000 expense, all related to real estate activities.
Determine the expense allocation and apportionment using gross income as a basis.
When required, round any division to three decimal places. Use rounded amounts in subsequent computations.
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