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Business, 05.07.2019 23:20 emmanuel96

Tennis pro is headquartered in virginia. assume it has a kentucky state income tax base of $220,000. of this amount, $40,000 was non-business income. assume that tennis pro's kentucky sales, payroll and property apportionment factor are 12, 5, and 3 percent, respectively. assume that kentucky uses a single-factor sales formula apportionment method. the non-business income allocated to kentucky was $1,000. assuming kentucky's corporate tax rate of 6 percent, what is tennis pro's kentucky state tax liability

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