List the Steps Necessary to Determine an Interstate Businesses' State

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The Answer is Determine the state tax base, divide into business and nonbusiness income, apportion business income, allocate nonbusiness income, add business and nonbusiness income for each state, and multiply by the state tax rate.
See Exhibit 23-3.

List the Steps Necessary to Determine an Interstate Businesses' State

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Correct Answer:
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List the Steps Necessary to Determine an Interstate Businesses' State

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Correct Answer:VerifiedShow Answer

Correct Answer:
Verified