-Using the percentage allocation method for assigning income tax expense, the income tax expense assigned to Hill is closest to:

Name: -Using the percentage allocation method for assigning income tax expense, the income tax expense assigned to Hill is closest to:
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Question

Quizplus · Accepted Answer

The percentage allocation method involves assigning income tax expense based on a proportionate share of total income. Without specific details on Hill's income or the total income, the closest estimate provided is $21,000.

-Using the Percentage Allocation Method for Assigning Income Tax Expense