Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Nicole's Salon, a Louisiana Corporation, operates beauty salons in Arkansas, Louisiana, and Tennessee. The salons' payrolls by state are as follows: Nicole's Salon State Payroll

Nicole's Salon, a Louisiana Corporation, operates beauty salons in Arkansas, Louisiana, and Tennessee. The salons' payrolls by state are as follows:
Nicole's Salon
State Payroll
Arkansas $ 178,000
Louisiana 450,250
Tennessee 812,000
Total $ 1,440,250
What are the payroll apportionment factors for Arkansas, Louisiana, and Tennessee in each of the following alternative scenarios?
Note: Round your answers to 2 decimal places.
b. Nicole's Salon has income tax nexus in Arkansas, Louisiana, and Tennessee, but $52,250 of the Arkansas amount is paid to independent contractors.

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

Step: 3

blur-text-image

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

Management Accounting For Business

Authors: Colin Drury, Mike Tayles

8th Edition

1473778808, 978-1473778801

More Books

Students also viewed these Accounting questions

Question

Discuss labor unrest in China.

Answered: 1 week ago

Question

Explain union decertification.

Answered: 1 week ago

Question

Describe collective bargaining in the public sector.

Answered: 1 week ago