Solution-How much of maple taxable income is apportioned to

How much of maple taxable income is apportioned to state a

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Reference no: EM132975702

Question - Maple Corporation realized $1.5 million of taxable income from the sales of its products in States A and B. State A uses a modified three-factor apportionment formula, under which the sales factor is assigned a double weight.

Maple's gross sales, payroll, and property attributable to or located in the states were generated as follows:

	State A	State B	Totals
Sales	$2,000,000	$3,000,000	$5,000,000
Payroll	1,500,000	0	1,500,000
Property	2,500,000	0	2,500,000

Required - How much of Maple's taxable income is apportioned to State A?

Reference no: EM132975702

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How much of maple taxable income is apportioned to state a

Reference no: EM132975702

Reference no: EM132975702

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