Answer:
Simpkin Corporation
Simpkin's apportionable income assigned to B is:________.
b. $533,333
Explanation:
a) Data and Calculations:
Apportionable operating income = $1,000,000
State A State B State C Totals
Sales $400,000 $800,000 $300,000 $1,500,000
Payroll 100,000 150,000 50,000 300,000
Property 200,000 200,000 200,000 600,000
State B's portion of the operating income = $1,000,000 * $800,000/$1,500
= $533,333
