Question 40 Which of the following could result in a corporation having more than 100% of its income subject to state taxation? All of these factors could result in a corporation having more than 100% of its income subject to state taxation The states in which the corporation conducts business have adopted different definitions of the specific components of the UDITPA formula Some of the states in which the corporation conducts business strictly apply the UDITPA formula while others double-weight the sales factor Some of the states in which the corporation conducts business have not adopted the Uniform Division of income for Tax Purposes Act formula Question 41 Which of the following statements about income tax treaties is false? Under a typical treaty, a hrm's prohts would be allocated to the countries in a manner similar to the apportionment of income among state under the UDITPA formula The provisions of income tax treaties pertain only to individuals and corporations that are residents of the treaty country