In 2019, Frump Wholesale, Inc. has the following apportionment data: State Sales % Property% Payroll % Apportionment Method Apportionment Pink 10% 100% 50% Property Factor Only 100% Green 15% 0% 50% Payroll Factor Only 50% Red 30% 0% 0% Sales Factor Only 30% Lavender 15% 0% 0% Average all three factors 5% White 20% 0% 0% Highest of all three 20% Black 10% 0% 0% Lowest of all three 0% Total 100% 205% 22. True or False: State Pink’s apportionment formula is “internally consistent”. 23. True or False: State White’s apportionment formula is “internally consistent”. 24. True or False: State Black’s apportionment formula is “internally consistent”.
In 2019, Frump Wholesale, Inc. has the following apportionment data:
State Sales % Property% Payroll % Apportionment Method Apportionment
Pink 10% 100% 50% Property Factor Only 100%
Green 15% 0% 50% Payroll Factor Only 50%
Red 30% 0% 0% Sales Factor Only 30%
Lavender 15% 0% 0% Average all three factors 5%
White 20% 0% 0% Highest of all three 20%
Black 10% 0% 0% Lowest of all three 0%
Total 100% 205%
22. True or False: State Pink’s apportionment formula is “internally consistent”.
23. True or False: State White’s apportionment formula is “internally consistent”.
24. True or False: State Black’s apportionment formula is “internally consistent”.
Answer with clear explanation.
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
