X Corp owns an 80% interest in P LLC, which is treated as a partnership for federal

tax purposes. X and P are engaged in a unitary business relationship. Both X Corp

and P LLC have sales derived from sources within California, as follows:

 

	X Corp CA	X Corp Everywhere	P LLC CA	P LLC Everywhere
Sales	$5,000	$20,000	$10,000	$100,000

 

X Corp will be filing a California corporate income tax return. California has adopted

a Single Sales Factor ("SSF") apportionment formula. What is X Corp's California SSF

ratio?

 

a) 25-percent

b) 10-percent

c) 35-percent

d) 13-percent

e) 65-percent