The process of dividing a multistate corporation's tax base among the states in which it does business based on several factors is called formula apportionment.

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Formula apportionment is a widely used method used by states to apportion the taxable income of multistate corporations among the states in which they do business. It is based on several factors such as sales, property, and payroll, and aims to allocate income based on the economic activity of a corporation in each state.

The Process of Dividing a Multistate Corporation's Tax Base Among