State E applies a throwback rule to sales, while State F does not. State G has not
Question:
State E applies a throwback rule to sales, while State F does not. State G has not adopted an income tax to date. Clay Corporation, headquartered in E, reported the following sales for the year. All of the goods were shipped from Clay’s E manufacturing facilities.
a. Determine Clay’s sales factor in those states.
b. Comment on Clay’s location strategy using only your tax computations.
Transcribed Image Text:
Customer Customer's Location This Year's Sales ShellTell, Inc. $ 75,000,000 E Tourists, Ltd. F 40,000,000 PageToo Corp. 100,000,000 $215,000,000 Total
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
a Clay s sales factor in State E would be 75 000 000 21...View the full answer
Answered By
DHRUV RAI
As a tutor, I have a strong hands-on experience in providing individualized instruction and support to students of all ages and ability levels. I have worked with students in both one-on-one and group settings, and I am skilled in creating engaging and effective lesson plans that meet the unique needs of each student.
I am proficient in using a variety of teaching techniques and approaches, including problem-based learning, inquiry-based learning, and project-based learning. I also have experience in using technology, such as online learning platforms and educational software, to enhance the learning experience for my students.
In addition to my teaching experience, I have also completed advanced coursework in the subjects that I tutor, including mathematics, science, and language arts. This has allowed me to stay up-to-date on the latest educational trends and best practices, and to provide my students with the most current and effective teaching methods.
Overall, my hands-on experience and proficiency as a tutor have equipped me with the knowledge, skills, and expertise to help students achieve their academic goals and succeed in their studies.
0.00
0 Reviews
10+ Question Solved
Related Book For
South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts
ISBN: 1389
41st Edition
Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
Question Posted:
Students also viewed these Business questions
-
A chief executive reported the following numbers for fiscal year 2009 to an annual meeting of shareholders (in millions): Revenues ............... $2,300 Total expenses, including taxes ....... 1,750...
-
The Poole Company reported the following income for 2014: Sales..................................................................$30,000 Cost of goods...
-
A manufacturing company reported the following information for 2014 October November December Budgeted sales 1440000 1160000 1240000 All sales are on credit Customer amounts on account are collected...
-
In this assignment, you will take on the role of the Warden of a maximum custody state correctional facility. Your unit's use of force incidents has dramatically increased over the last year to...
-
g(x) = ln(3x) with a) a law of logs and b) the chain rule. Compute the derivative of each of the above function in the two ways given.
-
Why is TCP port 80 always of critical importance when securing an organizations network?
-
Rotator cuff surgery has a 90% chance of success. The surgery is performed on three patients. Find the probability of the surgery being successful on exactly two patients.
-
Black Bear Outfitters is an international supplier of outdoor gear for families. Currently, the company uses a logistical provider to provide warehouse services and handle packages destined for...
-
72 Question 1 (50 marks) a) Identify all zero-force members in the truss. [10 marks] b) Using the method of sections, compute the forces in the members BC, BF, EI and EF (identified by x in the...
-
The Consolidated Edison Company sells electricity (82% of revenues), gas (13%), and steam (5 %) in New York City and Westchester County. Bart Thomas, company forecaster, is assigned the task of...
-
Use Exhibit 24.1 to provide the required information for Warbler Corporation, whose Federal taxable income totals $10 million. Warbler apportions 70% of its manufacturing income to State C. Warbler...
-
For your state and one of its neighbors, find the following income tax rules. Place your data in a chart, and e-mail your findings to your instructor. a. To what extent does each state follow the...
-
Complete the table. Substance aluminum apple juice hydrogen peroxide chicken soup Pure or mixture pure Type element
-
Given below are comparative statements of financial position (balance sheets) and an income statement for Agon Corporation. Agon Corporation Balance Sheets - Year 2 Accounts December 31 January 1...
-
You are an audit manager with a CPA firm that has been approached by a prospective client who wants to engage your firm to perform an audit for the current year. The prospective client is a small...
-
How do you go about getting the equipment repaired if its above 10 Level? When a piece of your Equipment cannot be fixed at the lowest level possible (10 LVL), what is the process for that equipment...
-
German insurance giant Allianz recently more than quadrupled its global advertising budget. If you worked for a direct competitor of Allianz that used the industry averages method for advertising...
-
The following is the best example of an on-chain transaction: PayPal transaction Venmo transaction Cash App transaction Bitcoin transactionSales tax preparation is a great example of a service that...
-
On January 1, 2017, Valdez SA had Accounts Receivable 91,000 and Allowance for Doubtful Accounts 8,100. Valdez prepares financial statements annually at December 31. During the year, the following...
-
The age-old saying for investing is "buy low and sell high," but this is easier said than done. Investors who panic about falling prices sell their investments, which in turn lowers the price and...
-
Emma Doyle is employed as a corporate attorney. For calendar year 2021, she had AGI of $75,000 and paid the following medical expenses: Bob and April would qualify as Emmas dependents except that...
-
Mario, a single taxpayer with two dependent children, has the following items of income and expense during 2021: a. Determine Marios taxable income for 2021. b. Determine Marios NOL for 2021. Gross...
-
Sandstorm Corporation decides to develop a new line of paints. The project begins in 2021. Sandstorm incurs the following expenses in 2021 in connection with the project: Salaries...
-
ABC Hospital is one of two hospitals in the community. The Hospital offers all major specialty services (e.g. cardiology, neurology, pulmonology, etc.) The Hospital is approached by a cardiologist...
-
You obtained job-related information about the HR assistant position from O*Net. Answer the following sections based on that information. QUESTIONS: The following is the list of questions included in...
-
On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $27,760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries...
Study smarter with the SolutionInn App