Total state taxable income

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Cat Corp has the following information: Total state taxable income: $50 million Sales: State A: $60 mil State B: $30 mil Other states: $50 mil Payroll: State A: $10 mil State B: $5 mil Property: State A: $25 mil State B: $25 mil Cat is incorporated in State A. State A uses a 3 factor apportionment formula. State B uses a 4 factor formula (Sales is double-weighted). How much income is apportioned to State A? State B?

Reference no: EM13953094

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