Albany, Inc. does business in states C and D. State C uses an apportionment formula that double-weights the sales factor; state D apportions income using an equally-weighted three-factor formula. Albany's before tax income is $3,000,000, and its sales, payroll, and property factors are as follows. C D Sales factor50%50%Payroll factor40%60%Property factor20%80%Calculate Albany's income taxable in each state.
A. State C, $1,200,000; State D, $1,800,000.
B. State C, $1,200,000; State D, $1,900,000.
C. State C, $1,100,000; State D, $1,800,000.
D. State C, $1,100,000; State D, $1,900,000.
Answer: B
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