Question
Beckett Corporation has nexus with States A and B. Apportionable income for the year totals $885,000. Beckett's apportionment factors i the year use the
Beckett Corporation has nexus with States A and B. Apportionable income for the year totals $885,000. Beckett's apportionment factors i the year use the following data. Compute Beckett's B taxable income for the year; B uses a three-factor apportionment formula with a double-weighted sales factor. State A State B Total Sales $1,062,000 $637,200 $1,699,200 Property $177,000 $0 $177,000 Payroll $265,500 $0 $265,500 Do not round any division. Round your final answer to the nearest dollar.
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South Western Federal Taxation 2017 Essentials Of Taxation Individuals And Business Entities
Authors: William A. Raabe, David M. Maloney, James C. Young, Annette Nellen
20th Edition
978-0357109144, 978-0357686652, 978-1305874824
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