Solution-How much of Beckett taxable income is apportioned

How much of Beckett taxable income is apportioned to State B

Reference no: EM132664177

Problem - Beckett Corporation realized $800,000 of taxable income from the sales of its products in States A and B. Beckett's activities establish nexus for income tax purposes in both states. Beckett's sales, payroll, and property in the states include the following.

	State A	State B	Total
Sales	$960,000	$640,000	$1,600,000
Property	180,000	-0-	180,000
Payroll	220,000	-0-	220,000

State B uses a double-weighted sales factor in its three-factor apportionment formula. How much of Beckett's taxable income is apportioned to State B?

Reference no: EM132664177

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How much of Beckett taxable income is apportioned to State B

Reference no: EM132664177

Reference no: EM132664177

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