General Corporation Is Taxable in a Number of States

question 117

Multiple Choice

General Corporation is taxable in a number of states. This year, General made a $100,000 sale from its A headquarters to a State B office of an agency of the U.S. government. General has not established nexus with B. State A does not apply a throwback rule. In which state(s) will the sale be included in the sales factor numerator?

• A) In all of the states, according to the apportionment formulas of each, as the U.S. government is present in all states.
• B) $100,000 in A.
• C) $100,000 in B.
• D) $0 in both A and B.

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Definitions:

Self-construction

The process through which individuals build their identity and sense of self based on their experiences, beliefs, and interactions.

Authors

Individuals who create written works, either fiction or nonfiction, including articles, books, and reports.

Agents

Representatives or intermediaries who act on behalf of others, often in business or professional contexts, to facilitate transactions or communications.

Actors

Individuals who perform in theater, film, television, or other mediums, portraying characters and conveying stories through their performances.