Carmen Motors, Inc. does business in three states. Its state taxable income is $1,000,000. State 1 uses

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Carmen Motors, Inc. does business in three states. Its state taxable income is

$1,000,000. State 1 uses the UDITPA apportionment formula. State 2 doubles the sales factor. State 3 uses only the sales factor. Given the following information, what is the company’s income tax liability in those three states?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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