Dott Corporation generated $300,000 of state taxable income from selling its mapping software in States A and
B. Both states utilize a three-factor apportionment formula which equally weights sales, property, and payroll. The rates of corporate income tax imposed in A and B are 7% and 10%, respectively. Determine Dott's state income tax liability.

B. For the taxable year, the corporation's activities within the two states were as follows.
Dott has determined that it is subject to tax in both A and

Question

Dott Corporation generated $300,000 of state taxable income from selling its mapping software in States A and
B. Both states utilize a three-factor apportionment formula which equally weights sales, property, and payroll. The rates of corporate income tax imposed in A and B are 7% and 10%, respectively. Determine Dott's state income tax liability.
  
B. For the taxable year, the corporation's activities within the two states were as follows.
  Dott has determined that it is subject to tax in both A and

Quizplus · Accepted Answer

The Answer of Dott Corporation generated $300,000 of state taxable income from selling its mapping software in States A and
B. Both states utilize a three-factor apportionment formula which equally weights sales, property, and payroll. The rates of corporate income tax imposed in A and B are 7% and 10%, respectively. Determine Dott's state income tax liability.
  
B. For the taxable year, the corporation's activities within the two states were as follows.
  Dott has determined that it is subject to tax in both A and

Dott Corporation Generated $300,000 of State Taxable Income from Selling