Question: Fillon Corporation s operations include two manufacturing facilities one in State

Fillon Corporation's operations include two manufacturing facilities, one in State A and one in State B. The plant located in A generated $200,000 of income, and the plant located in B generated a loss of $50,000. Therefore, Fillon's total taxable income is $150,000. By applying the statutes of each state, Fillon deter mines that its apportionment factors for A and B are .70 and .30, respectively.
How much of Fillon's income is apportioned to:
a. State A?
b. State B?

View Solution:

Sale on SolutionInn
  • CreatedSeptember 09, 2015
  • Files Included
Post your question