Albany, Inc

question 36

Multiple Choice

Albany, Inc. does business in states C and D. State C apportions income using an equally-weighted three-factor formula; state D uses an apportionment formula that double-weights the sales factor. Albany's before tax income is $3,000,000, and its sales, payroll, and property factors are as follows.

• 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

---

Definitions:

General Labor Cost

Refers to the total expenses associated with employing labor, including wages, benefits, and other related costs.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in a specific market over a given period.

Piece-Rate Reward Plan

A compensation system where employees are paid based on the amount of work they complete, encouraging higher productivity.

Sales Commission

A reward or payment made to a salesperson, typically calculated as a percentage of the sales they have generated.