Beckett corporation realized 800000 of taxable income from


Beckett Corporation realized $800,000 of taxable income from the sales of its porducts in States A and B. Beckett's activites establish nexus for income tax purposes in both states. Beckett's sales, payroll, and property in the states include the following.

              State A            State B            Total

Sales     $960,000        $640,000          $1,600,000

Property 180,000                 0                180,000

Payroll    220,000                0                 220,000

State B uses a double - weighted sales factor in its three-factor apportionment formula. How much of Beckett's taxable income is apportioned to State B?

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Financial Accounting: Beckett corporation realized 800000 of taxable income from
Reference No:- TGS01661023

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