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Business, 19.03.2021 18:10 JennyPalma

Simpkin Corporation owns manufacturing facilities in States A, B, and C. B uses a three- factor apportionment formula under which sales are double-weighted Simpkin's operations generated $1,000,000 of apportionable income, and its sales and payroll activity and average property owned in each of the three states is as follows. State A State B State C Totals
Sales $400,000 $800,000 $300,000 $1,500,000
Payroll 100,000 150,000 50,000 300,000
Property 200,000 200,000 200,000 600,000
Simpkin's apportionable income assigned to B is:.
a. $1,000,000
b. $533,333
c. $475,000
d. $0.

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