36. LO.6 PinkCo, Inc., operates in two states, both of which equally weight the three apportionment factors.
Question:
36. LO.6 PinkCo, Inc., operates in two states, both of which equally weight the three apportionment factors. PinkCo reports the following results for the year. Compute the apportionment percentage for both states. Amounts are stated in millions of dollars.
State A State B Totals Sales $25 $ 75 $100 Payroll 20 30 50 Property 0 100 100
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Essentials Of Taxation Individuals And Business Entities
ISBN: 233160
1st Edition
Authors: Nellen/Young/Raabe/Maloney
Question Posted: