A unitary business applies a combined apportionment formula, including data from operations of all of the affiliates.

Name: A unitary business applies a combined apportionment formula, including data from operations of all of the affiliates.
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Question

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A unitary business combines the operations of all its affiliates and apportions income using a single formula. This allows for a more accurate reflection of the business's actual taxable income in the state.

A Unitary Business Applies a Combined Apportionment Formula, Including Data