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True or False? Michaels Inc. does business in Utah (6% tax rate) and Wyoming (3% tax rate). All other factors being equal, Michaels Inc. will

True or False? Michaels Inc. does business in Utah (6% tax rate) and Wyoming (3% tax rate). All other factors being equal, Michaels Inc. will reduce state taxes if it constructs a new manufacturing plant in Wyoming. Assume apportionment formula modeled after the Uniform Division of Income for Tax Purposes Act (UDITPA). True or False

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