Questions by princess42 - Page 24
Simpkin Corporation owns manufacturing facilities in States A, B, and C. B uses a three- factor apportionment formula under which sales are double-weighted Simpkin's operations generated $1,000,000 of apportionable income, and its sales and payroll activity and average property owned in each of the three states is as follows. State A State B State C Totals Sales $400,000 $800,000 $300,000 $1,500,000 Payroll 100,000 150,000 50,000 300,000 Property 200,000 200,000 200,000 600,000 Simpkin's apportionable income assigned to B is:________. a. $1,000,000 b. $533,333 c. $475,000 d. $0.