B CorpHas a Manufacturing Plant in State Y Sales Shipped from State Y to Customers in State Z
B Corp.has a manufacturing plant in State Y.It has sales in both States Y and Z; however, its activities in State Z are insufficient to create nexus under P.L.86-272.For the current year, B has sales as follows: Sales shipped from State Y to customers in State Y
Sales shipped from State Y to customers in State Z
Dock sales to State customers State Y has enacted a throwback rule.What is B's State Y sales factor for the current year?
A) 33%
B) 83%
C) 50%
D) 67%
E) 100%
Correct Answer:
Verified
Q40: M Corporation's federal taxable income for the
Q41: W Corp.owns 100 percent of the stock
Q42: W Corp.owns 100 percent of the stock
Q43: For purposes of the property factor, leased
Q44: X Corp.holds property as follows: State
Q46: Which of the following statements concerning the
Q47: M Corp.earns $100,000 of business income from
Q48: Which of the following methods is utilized
Q49: For purposes of the payroll factor, which
Q50: W Corp.owns 100 percent of the stock
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