Ben and Jerry Corporations are members of the Ben-Jerry controlled group.The corporations file separate tax returns for the current year and report the following results:
$$\begin{array} { c c }
\text { Corporation } & \text { Taxrble income (NOL) } \
\text { ben } & \$ ( 25,000 ) \
\text { Jerry } & 100,000
\end{array}$$ a)If they elect no special apportionment plan,what is their combined tax liability?
b)If they DO elect a special apportionment plan,what is their lowest combined tax liability?

Question

Ben and Jerry Corporations are members of the Ben-Jerry controlled group.The corporations file separate tax returns for the current year and report the following results:
 $$\begin{array} { c c } 
\text { Corporation } & \text { Taxrble income (NOL) } \
\text { ben } & \$ ( 25,000 ) \
\text { Jerry } & 100,000
\end{array}$$ a)If they elect no special apportionment plan,what is their combined tax liability?
b)If they DO elect a special apportionment plan,what is their lowest combined tax liability?

Quizplus · Accepted Answer

The Answer of Ben and Jerry Corporations are members of the Ben-Jerry controlled group.The corporations file separate tax returns for the current year and report the following results:
 $$\begin{array} { c c } 
\text { Corporation } & \text { Taxrble income (NOL) } \
\text { ben } & \$ ( 25,000 ) \
\text { Jerry } & 100,000
\end{array}$$ a)If they elect no special apportionment plan,what is their combined tax liability?
b)If they DO elect a special apportionment plan,what is their lowest combined tax liability?

Ben and Jerry Corporations Are Members of the Ben-Jerry Controlled