Python Corporation Realized $200,000 of Taxable Income from the Sales

question 10

Multiple Choice

Python Corporation realized $200,000 of taxable income from the sales of its products in States X and Z.Python's activities in both states establish nexus for income tax purposes.Python's sales, payroll, and property among the states include the following. $\begin{array}{ll}&\text { State X }&\text { State Y }&\text { Totals }\\\hline\text { Sales }&\$4,000,000&\$1,000,000&\$5,000,000\\\text { Property }&2,000,00&6,000,000&8,000,000\\\text { Payroll }&8,000,000&8,000,000&16,000,000\end{array}$
State Z utilizes a equally-weighted three-factor apportionment formula.How much of Python's taxable income is apportioned to State Z?

• A)$63,334.
• B)$76,667.
• C)$96,600.
• D)$103,400.
• E)None of the above.

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