Please use the following fact pattern to answer question 25…

Please use the following fact pattern to answer question 25 through 27: Vox Co., is a Utah Corporation with its main offices and production facility in Farmington, UT.  Vox manufactures and distributes electronic equipment.  While it has nationwide sales, Vox only has nexus in Utah and Nevada.  Assume that Vox is commercially domiciled in Utah and sources sales other than sales of inventory using UDITPA’s rules.  Vox’s business receipts for the last year are as follows: Sales Shipped to Customers in Utah $100,000 Sales Shipped to Customers in Nevada $150,000 Sales Shipped to Other States $350,000 Fees for services (all performed in Utah) $25,000 If Utah does not have a throwback rule, what is the total amount of “nowhere sales”?

Essay #3 (14 Points): John Elk is a calendar year corporatio…

Essay #3 (14 Points): John Elk is a calendar year corporation that manufactures agricultural equipment at its production facility located in Illinois. In addition, John Elk leases a distribution facility located in Indiana (annual rental of $5 million). For purposes of computing the property factor, John Elk’s January 1 and December 31 account balances are as follows: January 1 (all numbers in millions) Illinois Indiana Inventory                                225                                150 Property Plan and Equipment                             1,500                                110 Land                                300                                    –   December 31 (all numbers in millions) Inventory                                325                                200 Property Plan and Equipment                             1,600                                110 Land                                400                                    –     Please compute the property factors for Illinois and Indiana.