Match each of the following events to its likely effect on WillCo's various apportionment factors. WillCo is based in Q and has customers in Q, R, and S. To this point, WillCo has not established nexus with S.More than one choice may be correct.
Definitions:
Schedule E
A form used with the Form 1040 for reporting income from rental property, royalties, partnerships, S corporations, estates, trusts, and residual interests.
Tax Purposes
Criteria or activities specifically considered or accounted for in the calculation or management of taxes.
Personal Use
Use of an asset for private, non-business purposes by an individual or family.
Flow-Through Entity
A business entity where income flows directly to investors or owners, avoiding corporate income tax.
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