Solution-Determine Clay sales factor in those states

Determine Clay sales factor in those states

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Reference no: EM132664196

Problem - State E applies a throwback rule to sales, but State F does not. State G has not adopted an income tax to date. Clay Corporation, headquartered in E, reported the following sales for the year. All of the goods were shipped from Clay's E manufacturing facilities.

Customer	Customer's Location	This Year's Sales
ShellTell, Inc.	E	$75,000,000
Tourists, Ltd.	F	40,000,000
PageToo Corp.	G	100,000,000
Total		$215,000,000

Required -

a. Determine Clay's sales factor in those states.

b. Comment on Clay's location strategy using only your tax computations.

Reference no: EM132664196

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Determine Clay sales factor in those states

Reference no: EM132664196

Reference no: EM132664196

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