Employee X drives a company automobile 6,000 miles in State A and 4,000 miles in State B.The automobile is valued at $20,000 for purposes of the property factor.The corporation's home office is located in State C.For purposes of the payroll factor, X's compensation is assigned to State B.The value of the automobile should be included in the numerator of the property factor as follows
A)State A-$20,000
B)State A-$12,000; State B-$8,000
C)State B-$20,000
D)State C-$20,000
E)None of the above

Question

Quizplus · Accepted Answer

The Answer of Employee X drives a company automobile 6,000 miles in State A and 4,000 miles in State B.The automobile is valued at $20,000 for purposes of the property factor.The corporation's home office is located in State C.For purposes of the payroll factor, X's compensation is assigned to State B.The value of the automobile should be included in the numerator of the property factor as follows
A)State A-$20,000
B)State A-$12,000; State B-$8,000
C)State B-$20,000
D)State C-$20,000
E)None of the above

Employee X Drives a Company Automobile 6,000 Miles in State