Reiki, Inc., operates stores in Massachusetts and Vermont. Reikis payroll, property, and sales by state are as

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Reiki, Inc., operates stores in Massachusetts and Vermont. Reiki’s payroll, property, and sales by state are as follows.

What is Reiki’s apportionment factor for Massachusetts (round to two decimal places)?

a. 41.86%

b. 44.12%

c. 45.45%

d. 43.73%

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Related Book For answer-question

South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357519240

45th Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Question Posted: May 22, 2023 04:13 AM

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Reiki, Inc., operates stores in Massachusetts and Vermont. Reikis payroll, property, and sales by state are as

Question:

State Massachusetts Vermont Total Payroll $200,000 350,000 550,000 Property (Ending) $175,000 225,000 400,000 Property (Average) $195,000 200,000 395,000 Sales $ 750,000 900,000 1,650,000

Step by Step Answer:

Choice d is correct The apportionment factor is calculated by averaging the ...View the full answer

South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

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