Question $14$

$5$ pts

A business incorporates in Iowa but moves its headquarters to Illinois because rent is cheaper. Because it is in the business of selling goods, it also does business in California. How would this corporation be classified in Iowa, Illinois and California respectively?

$$ foreign $($Iowa$)$; domestic $($Illinois$)$; foreign $($California$)$

domestic $($Iowa$)$; alien $($Illinois$)$; alien $($California$)$

domestic $($Iowa$)$; foreign $($Illinois$)$; foreign $($California$)$

$$ domestic in all three states