QUESTION 5 2 points Save Answer Principia Corporation is headquartered in California with income tax nexus in Kansas and Virginia. Principia has $500,000 in state taxable income (all business income). Principia provides the following information of their sales, payroll, and property by state: Sales Payroll Property California 250,000 50,000 75,000 Kansas 100,000 25,000 25,000 Virginia 300,000 100,000 250,000 Total 650,000 175,000 350,000 1. California uses a single-weighted sales factor, what is Principia's apportionment factor in CA? 2. Kansas uses an equally weighted apportionment factor, what is Principia's apportionment factor in KS? 3. Virginia uses a double-weighted sales factor, what is Principia's apportionment factor in VA? 4. Assume the Virginia corporate tax rate is 6%, what is Principia's state tax liability to Virginia? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Us Paragraph Arial 10pt > !!! 111 A Tx ... QUESTION 5 2 points Save Answer Principia Corporation is headquartered in California with income tax nexus in Kansas and Virginia. Principia has $500,000 in state taxable income (all business income). Principia provides the following information of their sales, payroll, and property by state: Sales Payroll Property California 250,000 50,000 75,000 Kansas 100,000 25,000 25,000 Virginia 300,000 100,000 250,000 Total 650,000 175,000 350,000 1. California uses a single-weighted sales factor, what is Principia's apportionment factor in CA? 2. Kansas uses an equally weighted apportionment factor, what is Principia's apportionment factor in KS? 3. Virginia uses a double-weighted sales factor, what is Principia's apportionment factor in VA? 4. Assume the Virginia corporate tax rate is 6%, what is Principia's state tax liability to Virginia? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Us Paragraph Arial 10pt > !!! 111 A Tx ...