Double Weighting the Sales Factor Effectively Decreases the Corporate Income

question 164

True/False

Double weighting the sales factor effectively decreases the corporate income tax burden on taxpayers based in the state, such as entities with in-state headquarters.

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Definitions:

Condensed Structural Formula

A method of describing the elements or molecules that comprise a compound and the way in which they are bonded to each other, using lines for bonds and showing minimal detail.

Triple Bond

A type of chemical linkage where two atoms share three pairs of electrons, resulting in a bond that is shorter and stronger than those involving only one or two pairs of electrons.

2-Hexyne

An organic compound with the chemical formula C6H10, consisting of a six-carbon chain with a triple bond between the second and third carbon atoms.

Lewis Line Structure

A diagram representing the valence electrons of atoms within a molecule using dots and lines for bonding pairs.