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:

Spirogyra

A genus of filamentous green algae known for its spiral chloroplasts, commonly found in freshwater environments.

Chloroplasts

organelles found in plant cells and some algae that conduct photosynthesis, converting light energy into chemical energy stored in ATP and NADPH.

Spiral

A curve that winds around a fixed center point at a continuously increasing or decreasing distance from the point.

Spirogyra

A genus of filamentous green algae known for its spiral chloroplasts and its role in freshwater ecosystems.