The sum of the apportionment percentages for the states in which a corporation conducts business must always equal 100 percent.

Question

Quizplus · Accepted Answer

The apportionment percentages for a corporation conducting business in multiple states do not necessarily add up to 100 percent. These percentages are based on formulas that consider factors like sales, property, and payroll in each state, and the total can be more or less than 100 percent depending on the corporation's distribution of activities.

The Sum of the Apportionment Percentages for the States in Which