88. Lefty provides demolition services in several southern states. Lefty has property as
Lefty is a Mississippi Corporation. Lefty also rents property in Mississippi and Tennessee
with annual rents of $50,000 and $15,000, respectively. What is Lefty's Mississippi property
89. Carolina's Hats has the following sales, payroll and property factors:
What is Carolina's Hats North and South Carolina apportionment factors if North Carolina
uses an equally-weighted three-factor formula and South Carolina uses a double-weighted
sales factor formula?
A. North Carolina 74.03 percent, and South Carolina 19.45 percent.
B. North Carolina 74.03 percent, and South Carolina 20.22 percent.
C. North Carolina 74.28 percent, and South Carolina 19.45 percent.
D. North Carolina 74.28 percent, and South Carolina 22.51 percent.
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