Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the followi
ID: 2528089 • Letter: D
Question
Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the following states:
What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios? (Round your answers to 2 decimal places.)
A. Delicious Dave’s has nexus in each of the states.
b. Delicious Dave’s has nexus in each of the states, but the Maine total includes $460,000 of investment property that Delicious rents out (unrelated to its business).
c. Delicious Dave’s has nexus in each of the states, but also pays $56,000 to rent property in Massachusetts.
Property State Beginning Ending Maine $ 971,644 $ 1,044,489 Massachusetts $ 138,027 $ 251,061 New Hampshire $ 420,455 $ 320,689 Vermont $ 922,332 $ 954,376 Total $ 2,452,458 $ 2,570,615Explanation / Answer
A. Delicious Dave’s has nexus in each of the states.
Property Apportionment Factors
Maine
40.14%
Massachusetts
7.75%
New Hampshire
14.75%
Vermont
37.36%
Workings
Beginning
Ending
Average
Factor
Maine
971,644.00
1,044,489.00
1,008,066.50
40.14
Massachusetts
138,027.00
251,061.00
194,544.00
7.75
New Hampshire
420,455.00
320,689.00
370,572.00
14.75
Vermont
922,332.00
954,376.00
938,354.00
37.36
Total
2,452,458.00
2,570,615.00
2,511,536.50
100.00
b. Delicious Dave’s has nexus in each of the states, but the Maine total includes $460,000 of investment property that Delicious rents out (unrelated to its business).
Property Apportionment Factors
Maine
26.71%
Massachusetts
9.48%
New Hampshire
18.06%
Vermont
45.74%
Workings
Beginning
Ending
Average
Factor
Maine
511,644.00
584,489.00
548,066.50
26.71
Massachusetts
138,027.00
251,061.00
194,544.00
9.48
New Hampshire
420,455.00
320,689.00
370,572.00
18.06
Vermont
922,332.00
954,376.00
938,354.00
45.74
Total
1,992,458.00
2,110,615.00
2,051,536.50
100.00
c. Delicious Dave’s has nexus in each of the states, but also pays $56,000 to rent property in Massachusetts.
Property Apportionment Factors
Maine
33.88%
Massachusetts
22.12%
New Hampshire
12.46%
Vermont
31.54%
Workings
Beginning
Ending
Average
Factor
Maine
971,644.00
1,044,489.00
1,008,066.50
33.88
Massachusetts
598,027.00
718,061.00
658,044.00
22.12
New Hampshire
420,455.00
320,689.00
370,572.00
12.46
Vermont
922,332.00
954,376.00
938,354.00
31.54
Total
2,912,458.00
3,037,615.00
2,975,036.50
100.00
Property Apportionment Factors
Maine
40.14%
Massachusetts
7.75%
New Hampshire
14.75%
Vermont
37.36%
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