Beckett Corporation has nexus with States A and B. Apportionable income for the year totals $1,185,000. Beckett's apportionment factors for the year use the following data. State A State B Totals Sales $1,422,000 $853,200 $2,275,200 Property $237,000 $0 $237,000 Payroll $355,500 $0 $355,500 State B uses a three factor apportionment formula with a double-weighted sales factor. Do not round any division. Round your final answer to the nearest dollar. Compute Beckett's B taxable income for the year?
Beckett Corporation has nexus with States A and B. Apportionable income for the year totals $1,185,000. Beckett's apportionment factors for the year use the following data. State A State B Totals Sales $1,422,000 $853,200 $2,275,200 Property $237,000 $0 $237,000 Payroll $355,500 $0 $355,500 State B uses a three factor apportionment formula with a double-weighted sales factor. Do not round any division. Round your final answer to the nearest dollar. Compute Beckett's B taxable income for the year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Beckett Corporation has nexus with States A and B. Apportionable income for the year totals $1,185,000. Beckett's apportionment factors for the year use the following data. State A State B Totals Sales $1,422,000 $853,200 $2,275,200 Property $237,000 $0 $237,000 Payroll $355,500 $0 $355,500 State B uses a three factor apportionment formula with a double-weighted sales factor. Do not round any division. Round your final answer to the nearest dollar. Compute Beckett's B taxable income for the year? $fill in the blank 1
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