Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a new state statute provides that the state will b

A new state statute provides that the state will be including in its apportionable tax...

60.1K

Verified Solution

Question

Accounting

A new state statute provides that the state will be including in its apportionable tax base all investment income of the corporation whether or not arising out of business conducted in the state. This statute is:

  1. an example of UDITPA provisions adopted by a state
  2. likely a violation of the U.S. Constitution
  3. an example of an Amazon law
  4. a proper application of an apportionment formula
  5. c and d, only

Mixer Corporation sends salespersons into Indiana to sell photocopiers. Mixer collects use tax and remits the tax to Indiana when it ships photocopiers into Indiana. Mixer does not file corporate income tax returns in Indiana. This position is:

  1. appropriate based on the Amazon case
  2. appropriate based on UDITPA
  3. appropriate based on Public Law 86-272
  4. appropriate based on the inconsequential element test
  5. c and d, only

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. List 10 facts about exponential functions. 2. List 10 facts about logarithm functions.

Basic Math
Q

Express sin 6θ as a polynomial in sin θ and cos θ.

Advance Math
Q

The concentration of an unknown must be in the range of the known concentrations. You sometimes...

Chemistry
Q

200 3 A neutral particle of mass 28 g is at rest in a uniform...

Physics
Q

9 Three different options for school lunch were offered on Friday The table shows the...

Algebra
Q

The equation y 10 2x 13 2 estimates the amount that businesses will spend in...

Algebra
Q

Due to differences in technology, China can grow rice at $600/...

Accounting
Q

Knight Corp., a lamp manufacturer, provided the...

Accounting
Q

Question text Break-Even with Multiple Products McDoogle Farms has $240,340 of total fixed costs and...

Accounting
Q

The following trial balance was extracted from the ledger of Kibusa JoJo, a sole trader,...

Accounting
Q

ERP system: O 1. integration of many information systems existing on different management levels and...

Accounting
Q

A $280 petty cash fund has cash of $10 and receipts of $200. The journal...

Accounting