Question: Assume the same facts as in Problem 31, except that under the statutes of both D and E, only business income is subject to apportionment.
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State D State E Total Sales of paper products $3,000,000 $7,000,000 $10,000,000 Property Payroll 600,000 1,500,000 2,100,000 1,000,000 2,000,000 3,000,000
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Income subject to tax in States D and E respectively is computed as follows State D taxable incom... View full answer
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