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How much income is subject to tax in State A

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Problem - Legends Corporation owns and operates two manufacturing facilities, one in State A and the other in State B. Due to a temporary decline in sales, Legend has rented 25% of its State A facility to an unaffiliated corporation. Legend generated $200,000 net rent income and $1,400,000 income from manufacturing. Both states classify the rent income as allocable (nonapportionable) income. By applying the statutes of each state, Legends determines that its apportionment factors are 0.70 for A and 0.30 for B.

Required - How much income is subject to tax in: a. State A? b. State B?

Reference no: EM132630645

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