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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

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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 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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