Enter the appropriate word(s) to complete the statement. (10 points). 46. Apportionment is a means by which a corporation's taxable income is divided among the states in which it conducts business, 47. Almost all of the states allow treatment to an LLC for income tax purposes. 48. Although apportionment formulas vary among jurisdictions, most states use the same three factors in the formula. The factors are and 49. State Q has adopted sales-factor-only apportionment for its corporate income tax. As a result, a (larger/smaller) percentage of an out-of-state corporation's income is assigned to tax in the state. 50. A stato sales/use tax is designed to be collected by the (seller/purchaser) of the product and then remitted to the state, 51. The tax levied by a state usually is based on the book value of a corporation's net worth. 52. Several states allow the corporation to file an) income tax return, usually in the form of a state-by-state spreadsheet, on behalf of its out-of-state shareholders. 53. Typically, a sales/use tax is applied to a retail sale of property 54. Under common terminology, a unitary group files a (combined/consolidated) state income tax return. 55. A(n) business operates in concert with its affiliated companies. As a result, the affiliates' data are included in the parent's apportionment computations