Lexington Corporation conducts business in four states. In state A, its sales factor is 50%, its payroll factor is 14%, and its property factor is 29%. State A uses an equally-weighted three-factor apportionment formula, but plans to change to a formula that double-weight the sales factor. Which is of the following statements is true?
A. Any increase in Lexington's tax liability to state A will be offset by a decline in tax liability to other states.
B. Lexington's tax liability to state A will decrease.
C. Lexington's tax liability to state A will increase.
D. Lexington's tax liability to state A will be unaffected by this change.
Answer: C
You might also like to view...
When you're outlining your report, using ________ requires you to really think through the content, whereas using ________ simply requires you to identify topic areas
A) prescriptive headings; parallel headings B) effective headings; ineffective headings C) informative headings; descriptive headings D) multilateral headings; unilateral headings E) subjective headings; transitional headings
The text provides three ways of generating alternative solutions to the problem as given. What are those three approaches?
What will be an ideal response?
If you were talking to an audience of parents about what your university can offer, which topic would be least appropriate based on this demographic snapshot?
a. The personal attention from professors b. The social “party” scene on campus c. The resources available for struggling students d. The high graduation rate of the university
A preview
a. tells your audience what to think. b. lets the audience know your speech’s subject and purpose. c. introduces your sources. d. identifies the evidence included in the body of your speech.