Britta Corporation's entire operations are located in State A. Eighty percent ($800,000) of Britta's sales are made in A and the remaining sales ($200,000) are made in State B. B has not adopted a corporate income tax. If A has adopted a throwback rule, the numerator of Britta's A sales factor is:
a. $0.
b. $200,000.
c. $800,000.
d. $1,000,000.
d
RATIONALE: If the throwback rule has been adopted by A, all of the sales ($1,000,000) are considered to be in-state sales of A.
You might also like to view...
Use of a formal questionnaire that presents questions in a prearranged order is called structured data collection
Indicate whether the statement is true or false
In order to determine the meaning of a ratio, some kind of comparison, such as an industry average or trend analysis, is helpful
Indicate whether the statement is true or false
A prototype is described as which of the following?
a. a type of customer b. an initial version of a product or service designed for use in experimentation c. a type of stakeholder d. the final finished product
The federal court system has how many circuits?
A) 7 B) 9 C) 11 D) 13