Delicious Daves Maple Syrup, a Vermont corporation, has property in the following states Property State Beginning Ending
Question:
Delicious Daves Maple Syrup, a Vermont corporation, has property in the following states Property State Beginning Ending Maine $ 983,797 $ 1,057,056 Massachusetts $ 146,706 $ 263,049 New Hampshire $ 430,073 $ 330,106 Vermont $ 934,632 $ 969,976 Total $ 2,495,208 $ 2,620,187 What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios (Round your answers to 2 decimal places)
A. Delicious Dave?s has nexus in each of the states.
b. Delicious Dave?s has nexus in each of the states, but the Maine total includes $460,000 of investment property that Delicious rents out (unrelated to its business).
c. Delicious Dave?s has nexus in each of the states, but also pays $56,000 to rent property in Massachusetts.
Federal Tax Research
ISBN: 9781285439396
10th edition
Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill