Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the following states: Property State Beginning Ending Maine $923032 $994,221 Massachusetts $103,311 $203,109 New Hampshire $381,983 $283,021 Vermont $873,132 $891,976 Total $2,281,458 $2,372,327 What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios? (Round intermediate calculations and final answers to 2 decimal places.) b. Delicious Dave’s has income tax nexus in each of the states, but the Maine total includes $400,000 of investment property that Delicious rents out (unrelated to its business). Property Apportionment Factors Maine % Massachusetts % New Hampshire % Vermont %
Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the following states: Property State Beginning Ending Maine $923032 $994,221 Massachusetts $103,311 $203,109 New Hampshire $381,983 $283,021 Vermont $873,132 $891,976 Total $2,281,458 $2,372,327 What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios? (Round intermediate calculations and final answers to 2 decimal places.) b. Delicious Dave’s has income tax nexus in each of the states, but the Maine total includes $400,000 of investment property that Delicious rents out (unrelated to its business). Property Apportionment Factors Maine % Massachusetts % New Hampshire % Vermont %
Chapter16: Multistate Corporate Taxation
Section: Chapter Questions
Problem 19CE
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Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the following states:
Property | |||||
State | Beginning | Ending | |||
Maine | $923032 | $994,221 | |||
Massachusetts | $103,311 | $203,109 | |||
New Hampshire | $381,983 | $283,021 | |||
Vermont | $873,132 | $891,976 | |||
Total | $2,281,458 | $2,372,327 | |||
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What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios? (Round intermediate calculations and final answers to 2 decimal places.)
b. Delicious Dave’s has income tax nexus in each of the states, but the Maine total includes $400,000 of investment property that Delicious rents out (unrelated to its business).
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