Tri-State's, Inc. operates in Arkansas, Oklahoma, and Kansas. Assume that each state has adopted the UDITPA formula. During the corporation's tax year ended December 31, the apportionment data indicated: ArkansasOklahomaKansasTotalGross receipts/sales$175,000 $225,000 $100,000 $500,000 Payroll 20,000 140,000 20,000 180,000 Property 50,000 600,000 50,000 700,000 Which of the following statements is true?
A. Arkansas payroll percentage is approximately 11.1%.
B. The property factor for Arkansas is approximately 7.14%.
C. The sales factor for Arkansas is approximately 35%.
D. All of the factors for Arkansas are correct.
Answer: D
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