Albany, Inc $\begin{array}{lr}&C&D\\\text {Sales factor }&50\%&50\%\\\text { Payroll factor}&40\%&60\%\\\text {Property factor }&10\%&80\%\\\end{array}$

question 38

Multiple Choice

Albany, Inc. does business in states C and D. State D uses an apportionment formula that double-weights the sales factor; state C apportions income using an equally-weighted three-factor formula. Albany's before tax income is $3,000,000, and its sales, payroll, and property factors are as follows. $\begin{array}{lr}&C&D\\\text {Sales factor }&50\%&50\%\\\text { Payroll factor}&40\%&60\%\\\text {Property factor }&10\%&80\%\\\end{array}$
Calculate Albany's income taxable in each state.

• A) State C, $1,100,000; State D, $1,800,000.
• B) State C, $1,100,000; State D, $1,900,000.
• C) State C, $1,200,000; State D, $1,800,000.
• D) State C, $1,300,000; State D, $1,700,000.

Grasp the relationship between referents and concepts.

Differentiate between species and genus in the context of hierarchical classification.

Identify abstractness levels within conceptual hierarchies.

Recognize the implications of conceptual categorization for understanding logical relationships.

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Definitions:

United States

A federal republic consisting of 50 states, a federal district, and several territories, known for being the world's third-largest country by total area.

Demography

The statistical study of populations, including their size, distribution, and trends, as well as the factors influencing these elements.

Social Composition

The structure and demographic makeup of a society or social group, including aspects like age, gender, income level, and ethnicity.

Fertility Rates

The average number of children born to a woman over her lifetime within a specific population.