In Applying the Typical Apportionment Formula

question 83

Multiple Choice

In applying the typical apportionment formula:

• A) The aggregate of state taxable incomes equals Federal taxable income.
• B) The aggregate of state taxable incomes may not equal Federal taxable income.
• C) When Federal taxable income is positive, all states' taxable incomes are positive.
• D) When Federal taxable income is negative, aggregate state taxable incomes total to zero.