State Q Has Adopted Sales-Factor-Only Apportionment for Its Corporate Income

question 56

Short Answer

State Q has adopted sales-factor-only apportionment for its corporate income tax. As a result, a
(larger/smaller) percentage of an out-of-state corporation's income is assigned to tax in the state.

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Definitions:

Muscle Activity

The physiological processes of muscle contraction and relaxation, which enable movement and stabilization of the body.

Mammals

Warm-blooded vertebrate animals distinguished by the possession of hair or fur, the birth of live young, and the females' ability to produce milk for their offspring.

Restorative Processes

Procedures or activities intended to bring about healing, rehabilitation, or restoration to an optimal state of health or function.

REM Sleep

Rapid Eye Movement sleep, a phase of sleep characterized by rapid movements of the eyes, vivid dreams, and increased brain activity.