Question

ACC312 Refer to the facts in problem 4. Compute the state income tax savings if Oldham...

ACC312

Refer to the facts in problem 4. Compute the state income tax savings if Oldham could relocate its personnel so that payroll expense in State M increased to $1,900 (thousand) and payroll expense in State N decreased to $100 (thousand).

Problem 4 Table
State M State N Total
Gross receipts from sales $3,000 $7,500 $10,500
Payroll expense $800 $1,200 $2,000
Property costs $900 $1,000 $1,900
Business   Accounting   
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