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,000,000 000,10004,000,000 Payroll Determine the amount of P's taxable income that is subject to tax in each s business that operates in States A and B. For the current taxable ve $3,000,000 of taxable income, consisting of $2,800,000 of business $200,000 of nonbusiness income from investments. P manages the inv State A, which is also its state of commercial domicile. Both states alloca ness income and apportion business income using a three-factor formula sales, property (based on average historical cost), and payroll are equally weighted Neither state takes leased property into account in computing its property factor Selected information for the current year is as follows: 14-24 Computation of Apportionment Percentages. Q Corporation conducts a year, Q ge estments te non in busi- in which State A State B- Sales Property (average cost).. Average accumulated depreciation . . . Rent expense (annual) Payroll. $8,000,000 $2,000,000 $10,000,00 $5,000,000 $1,000,000 $6,000,000 $1,000,000 500,000 1500,000 S 25,000 10,000 35,000 $2,000,000 500,000 2,500000 . Determine the current year apportionment percentages for States A and Computation of Apportionment Percentages. Assume the same facts as Pro except that State B takes nronerty into co 14-25 ntt erane net hook value. (State