LO.6 Beckett Corporation has nexus with States A and B. Apportionable income for the year totals $800,000.
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LO.6 Beckett Corporation has nexus with States A and B. Apportionable income for the year totals $800,000. Beckett's apportionment factors for 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 Totals Sales $960,000 $640,000 $1,600,000 Property Payroll 180,000 220,000 -0- -0- 180,000 220,000
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Related Book For
Essentials Of Taxation Individuals And Business Entities 2019
ISBN: 9780357233290
1st Edition
Authors: William A Raabe, James C Young
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