Net Corporation’s sales office and manufacturing plant are located in State X. Net also maintains a manufacturing plant and sales office in State W. For purposes of apportionment, State X defines payroll as all compensation paid to employees, including contributions to § 401(k) deferred compensation plans. Under State W's statutes, neither compensation paid to officers nor contributions to § 401(k) plans are included in the payroll factor. Net incurred the following personnel costs:
State X
State W
Totals
Wages and salaries for employees other than officers$ 500,000
$300,000
$ 800,000
Salaries for officers300,000
150,000
450,000
Contributions to § 401(k) plans 200,000
50,000
250,000
Totals$1,000,000
$500,000
$1,500,000
Net’s payroll factor for State W is:
A. 50.00%.
B. 37.50%.
C. 33.33%.
D. 0.00%.
Answer: B
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