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McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick
Edition 3ISBN: 9780077924522McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick
Edition 3ISBN: 9780077924522 Exercise 12
Delicious Dave s Maple Syrup, a Vermont corporation, has property in the following states:
What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios
a. Delicious has nexus in each of the states.
b. Delicious has nexus in each of the states, but the Maine total includes $400,000 of investment property that Delicious rents out (unrelated to its business).
c. Delicious has nexus in each of the states, but also pays $50,000 to rent property in Massachusetts.
What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios a. Delicious has nexus in each of the states.
b. Delicious has nexus in each of the states, but the Maine total includes $400,000 of investment property that Delicious rents out (unrelated to its business).
c. Delicious has nexus in each of the states, but also pays $50,000 to rent property in Massachusetts.
Explanation
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McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick
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