Miramar Corp. has total business income of $1 million, and in State XY has a sales factor of 60%, a payroll factor of 50%, and a property factor of 49%
What is Miramar's state XY UDITPA appointment factor and State XY business income?
a. 60%, $600,000 business income
b. 50%; $500,000 business income
c. 53%: $530,000 business income
d. 53%; $1,000,000 business income
Answer: C
Tax
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