For Most Taxpayers,which of the Traditional Apportionment Factors Yields the Greatest

question 15

Multiple Choice

For most taxpayers,which of the traditional apportionment factors yields the greatest opportunities for tax reduction?

• A)Sales (gross receipts).
• B)Property.
• C)Management.
• D)Payroll.
• E)Unitary.

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Definitions:

Profit-Maximizes

Refers to the strategy or the condition where a firm adjusts its production and pricing to achieve the highest possible profit.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Profit-Maximizes

A strategy or behavior adopted by firms aiming to achieve the highest possible profit given their resources and market conditions.

Price

The fee anticipated, needed, or handed over as payment for a service or product.