Which of the following statements concerning the nexus required for a state to tax income is false?
A) Maryland has nexus if the corporate headquarters is located in Baltimore.
B) Company-owned trucks driving through Arizona to deliver goods to customers residing in California creates nexus in Arizona.
C) Maine has nexus if a company has retail outlets located in Maine malls.
D) A New York corporation can send traveling salespeople into Massachusetts to solicit orders for tangible goods without creating nexus in Massachusetts.
Correct Answer:
Verified
Q25: A foreign branch operation of a U.S.
Q29: Excess foreign tax credits can only be
Q43: Which of the following activities create state
Q45: Korn, Co. was incorporated in Delaware. It
Q47: Which of the following could result in
Q48: Which of the following statements about the
Q48: Tri-State's,Inc.operates in Arkansas,Oklahoma,and Kansas.Assume that each state
Q52: Harris Corporation's before-tax income was $400,000. It
Q55: Economic nexus:
A) May exist even though a
Q57: A controlled foreign corporation is a foreign
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents