Question
Susie's Sweet Shop has the following sales, payroll, and property factors: Item Iowa Missouri Sales 70.00% 32.81% Payroll 89.60% 5.90% Property 74.02% 25.64% What are
Susie's Sweet Shop has the following sales, payroll, and property factors:
Item | Iowa | Missouri |
---|---|---|
Sales | 70.00% | 32.81% |
Payroll | 89.60% | 5.90% |
Property | 74.02% | 25.64% |
What are Susie's Sweet Shop's Iowa and Missouri apportionment factors under each of the following alternative scenarios?
Note: Do not round intermediate calculations. Round your final answers to 2 decimal places.
Required:
a. Iowa and Missouri both use a three-factor apportionment formula.
b. Iowa and Missouri both use a four-factor apportionment formula that double-weights sales.
c. Iowa uses a three-factor formula and Missouri uses a single-factor apportionment formula (based solely on sales).
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