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    Federal Taxation
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    Exam 24: Multistate Corporate Taxation
  5. Question
    State Q Has Adopted Sales-Factor-Only Apportionment for Its Corporate Income
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State Q Has Adopted Sales-Factor-Only Apportionment for Its Corporate Income

Question 56

Question 56

Short Answer

State Q has adopted sales-factor-only apportionment for its corporate income tax. As a result, a
(larger/smaller) percentage of an out-of-state corporation's income is assigned to tax in the state.

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