PinkCo, Inc., operates in two states, both of which equally weight the three apportionment factors. PinkCo reports

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PinkCo, Inc., operates in two states, both of which equally weight the three apportionment factors. PinkCo reports the following results for the year. Compute the apportionment percentage for both states. Amounts are stated in millions of dollars.

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South-Western Federal Taxation 2022 Essentials Of Taxation Individuals And Business Entities

ISBN: 9780357519431

25th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young, David M. Maloney

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Question Posted: Feb 24, 2022 07:13 AM

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PinkCo, Inc., operates in two states, both of which equally weight the three apportionment factors. PinkCo reports

Question:

State A State B Totals Sales $25 $ 75 $100 Рayroll 20 30 50 Property 100 100

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STATE A STATE B TOTAL SALES 25 75 100 PAYROLL 20 30 50 PROPERTY 0 100 10...View the full answer

South-Western Federal Taxation 2022 Essentials Of Taxation Individuals And Business Entities

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