Tennis Pro,a Virginia Corporation domiciled in Virginia,has the following items of income: $5,000 of dividend income,$15,000 of interest income,$10,000 of rental income from Georgia property,$30,000 of royalty income for an intangible used in Maryland (where nexus exists).Determine how much income is allocated to Virginia.

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The Answer of Tennis Pro,a Virginia Corporation domiciled in Virginia,has the following items of income: $5,000 of dividend income,$15,000 of interest income,$10,000 of rental income from Georgia property,$30,000 of royalty income for an intangible used in Maryland (where nexus exists).Determine how much income is allocated to Virginia.

Tennis Pro,a Virginia Corporation Domiciled in Virginia,has the Following Items