The Throwback Rule Requires That

question 155

Multiple Choice

The throwback rule requires that:

• A) Sales of tangible personal property are attributed to the state where they originated if the taxpayer is not taxable in the state of destination.
• B) When an asset is sold, any recognized gain from depreciation recapture is taxed at the rates that applied when the depreciation deductions were claimed.
• C) Sales of services are attributed to the state of the seller's domicile.
• D) Capital gain/loss is attributed to the state of the seller's domicile.

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Definitions:

Categorical

Relating to, or absolute in nature, often used to describe statements that are unconditional and clearly defined.

Symbolized

The process of representing elements or concepts using symbols, typically in mathematics, logic, and computer science.

Atomic Singular Statement

A statement that refers to a specific individual or instance and attributes a property to it, not susceptible to further logical decomposition.

Truth-functional

Relating to the principles of logic, refers to propositional logic where the truth value of a compound sentence is determined by the truth values of its component parts.