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Calculate taxable income for the year

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Question - Fillon operates manufacturing facilities in States A and B. Fillon has nexus with both states; apportionment factors are 0.6 for A and 0.4 for B. Taxable income for the year totaled $266,250, with a $355,000 A profit and a $88,750 B loss. Calculate taxable income for the year?

Reference no: EM133015313

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