William lives in Delaware but works for a company that has offices in both Maryland and Pennsylvani a.William spent four months working in Pennsylvania and 8 months working in Maryland.
A) Only Delaware can impose a state income tax on his income.
B) Only Maryland can impose a state income tax on his income as he worked there the longer time period.
C) Only Pennsylvania and Maryland can impose state income taxes on his income.
D) Delaware,Pennsylvania,and Maryland can impose state income taxes on his income.
Use the following information for problems 45 through 48.
Carbon Corporation had a $2,000,000 contract to build a small hospital with total costs estimated at $1,600,000.It received the following payments and incurred the following expenses over the three-year contract period:
Year Payments Expenses
1 $ 400,000 $300,000
2 $1,200,000 $900,000
3 $ 400,000 $550,000
Correct Answer:
Verified
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