LO.6 Fillon operates manufacturing facilities in States A and B. Fillon has nexus with both states; apportionment
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LO.6 Fillon operates manufacturing facilities in States A and B. Fillon has nexus with both states; apportionment factors are .70 for A and 30 for B. Taxable income for the year totaled $150,000, with a $200,000 A profit and a $50,000 B loss. Calculate taxable income for the year for:
a. State A.
b. State B.
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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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