Chipper Corporation realized $1,000,000 taxable income from the sales of its products in States X and Z. Chipper's activities establish nexus for income tax purposes only in Z, the state of its incorporation. Chipper's sales, payroll, and property among the states include the following.
X utilizes a salesonly factor in its threefactor apportionment formula. How much of Chipper's taxable income is
Apportioned to X?
A) $0.
B) $333,333.
C) $500,000.
D) $1,000,000.
Correct Answer:
Verified
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