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How much of maple''s taxable income is apportioned to state a

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Reference no: EM132972872

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: EM132972872

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