AB Partnership is located in State F. Eighty-five percent of the partnerships sales are made in State F remaining fifteen percent is made in tate G. Total sales are $12,000,000. AB Partnerships activities are not sufficient to create nexus in that state under the laws of State G so State G will not tax the sale has not adopted a throwback rule related to sales that are not taxed by other states and consider sales in its apportionment formula, what are the total sales taxed by State F? 10,2000,000 B/ 12,000,000 C. 1,800,000 or D. 0
AB Partnership is located in State F. Eighty-five percent of the partnerships sales are made in State F remaining fifteen percent is made in tate G. Total sales are $12,000,000. AB Partnerships activities are not sufficient to create nexus in that state under the laws of State G so State G will not tax the sale has not adopted a throwback rule related to sales that are not taxed by other states and consider sales in its apportionment formula, what are the total sales taxed by State F? 10,2000,000 B/ 12,000,000 C. 1,800,000 or D. 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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AB Partnership is located in State F. Eighty-five percent of the partnerships sales are made in State F remaining fifteen percent is made in tate G. Total sales are $12,000,000. AB Partnerships activities are not sufficient to create nexus in that state under the laws of State G so State G will not tax the sale has not adopted a throwback rule related to sales that are not taxed by other states and consider sales in its apportionment formula, what are the total sales taxed by State F?
10,2000,000
B/ 12,000,000
C. 1,800,000
or
D. 0
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