Required information [The following information applies to the questions displayed below.] Delicious Dave's Maple Syrup, a Vermont Corporation, has property in the following states: Property Beginning Maine State Massachusetts Ending $ 1,027,733 $ 235,077 $ 308,133 $ 955,440 $ 126,455 New Hampshire $ 407,631 $ 905,932 $ 933,576 $ 2,395,458 $ 2,504,519 Vermont Total What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios? Note: Round intermediate calculations and final answers to 2 decimal places. a. Delicious Dave's has income tax nexus in each of the states. Property Apportionment Factors Maine Massachusetts New Hampshire Vermont % % % %

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter24: Multistate Corporate Taxation
Section: Chapter Questions
Problem 37P
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Need assistance with finding the income tax nexus for each of the states.

Required information
[The following information applies to the questions displayed below.]
Delicious Dave's Maple Syrup, a Vermont Corporation, has property in the following states:
Property
Beginning
Maine
State
Massachusetts
Ending
$ 1,027,733
$ 235,077
$ 308,133
$ 955,440
$ 126,455
New Hampshire
$ 407,631
$ 905,932
$ 933,576
$ 2,395,458
$ 2,504,519
Vermont
Total
What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the
following alternative scenarios?
Note: Round intermediate calculations and final answers to 2 decimal places.
Transcribed Image Text:Required information [The following information applies to the questions displayed below.] Delicious Dave's Maple Syrup, a Vermont Corporation, has property in the following states: Property Beginning Maine State Massachusetts Ending $ 1,027,733 $ 235,077 $ 308,133 $ 955,440 $ 126,455 New Hampshire $ 407,631 $ 905,932 $ 933,576 $ 2,395,458 $ 2,504,519 Vermont Total What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios? Note: Round intermediate calculations and final answers to 2 decimal places.
a. Delicious Dave's has income tax nexus in each of the states.
Property Apportionment
Factors
Maine
Massachusetts
New Hampshire
Vermont
%
%
%
%
Transcribed Image Text:a. Delicious Dave's has income tax nexus in each of the states. Property Apportionment Factors Maine Massachusetts New Hampshire Vermont % % % %
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