Fillon operates manufacturing facilities in states a and b, Ask an Expert

Accounting

Fillon operates manufacturing facilities in states A and B. Fillon has nexus with both states; apportionment factors are .70 for A and .30 for B. Taxable income for the year totaled $150,000, with a $200,000 A profit and a $50,000 B loss. Calculate taxable income for the year for:

a. State A

b. State B

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91971619

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