Sandco Industries, Inc. does business in Florida. It also has a wholly...
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Accounting
Sandco Industries, Inc. does business in Florida. It also has a wholly owned subsidiary in Maryland named Brandco Industries, Inc. Excluding the amounts from the K from BJS LLC Sandco Industries, Inc. had taxable income of $ in the current tax year. Brandco Industries, Inc. had taxable income of $ for the current tax year
The following is the breakdown of sales, property, and payroll:
Sandco Industries, Inc.
Brandco Industries, Inc.
Sales
$
$
Property
Payroll
Assume the following tax rates:
FL
MD
TX
Calculate the total state tax expense assuming:
~All states are unitary and
~None of the states are unitary.
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