State Q Has Adopted Sales-Factor-Only Apportionment for Its Corporate Income

question 56

Short Answer

State Q has adopted sales-factor-only apportionment for its corporate income tax. As a result, a
(larger/smaller) percentage of an out-of-state corporation's income is assigned to tax in the state.

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Definitions:

Economic Growth

An increase in a country's output of goods and services over time, measured by the rise in its Gross Domestic Product (GDP).

Basic Skills

Fundamental abilities such as reading, writing, and arithmetic that form the building blocks for further learning and job competencies.

Infant Mortality Rates

The number of deaths of infants under one year old per 1,000 live births in a given year.

Childhood-immunization Rates

The percentage of children in a specific age group who have received vaccinations against common infectious diseases, serving as a key public health indicator.