Albany, Inc

question 41

Multiple Choice

Albany, Inc. does business in states C and D. State C uses an apportionment formula that double-weights the sales factor; state D 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.
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, $1,200,000; State D, $1,900,000

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Definitions:

Toronto District School Board

The largest school board in Canada that oversees public education in the city of Toronto.

2008

A year marked by significant global events including the start of the Great Recession and the election of Barack Obama as the 44th President of the United States.

Environmental Influences

External factors, including social, cultural, and physical environments, that can affect individuals' behaviors, decisions, and health.

Genetic Influences

The contribution of genes to the development of traits and behaviors in organisms, including humans.