General Corporation is taxable in a number of states. This year, General made a $100,000 sale from its A headquarters to a customer in B. This activity is not sufficient for General to create nexus with B. State B applies a throwback rule, but State A does not. In which state(s) will the sale be included in the sales factor numerator?
A) $0 in both A and B.
B) $100,000 in A.
C) $100,000 in B.
D) In both A and B, according to the apportionment formulas of each.
Correct Answer:
Verified
Q50: Flint Corporation is subject to a corporate
Q57: Kurt Corporation realized $900,000 taxable income from
Q58: Which of the following is not immune
Q60: Under P.L.86-272, which of the following transactions
Q61: In most states, a limited liability company
Q63: Boot Corporation is subject to income tax
Q64: General Corporation is taxable in a number
Q65: Trayne Corporation's sales office and manufacturing plant
Q66: A use tax applies when a State
Q67: Judy, a regional sales manager, has her
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