Premium Corp. has total business income of $1 million, and in State W has a...
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Accounting
Premium Corp. has total business income of $1 million, and in State W has a sales factor of 60%, a payroll factor of 50%, and a property tax factor of 46%. What is Premiums State W UDITPA apportionment factor and State W business income?
50 percent; $500,000 business income
50 percent; $1,000,000 business income
50 percent; $1,000,000 business income
52 percent; $1,000,000 business income
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