Marcy Industries, Inc. does business in a state that apportions business income using a three-factor...
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Marcy Industries, Inc. does business in a state that apportions business income using a three-factor formula giving double weight to the sales factor. If the companys business income is $500,000, the property factor is 35%, the payroll factor is 50%, and the sales factor is 45%, how much of its income has to be apportioned to the state?
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