Carolina's Hats Apportionment Factors in North and South Carolina

What are 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.

Answer:

North Carolina 74.03%

South Carolina 20.22%

Explanation:

To determine Carolina's Hats North and South Carolina apportionment factors, we need to calculate based on the formulas used by each state.

For North Carolina, they utilize an equally weighted three-factor formula, giving equal weight to sales, payroll, and property. Therefore, the North Carolina apportionment factor is calculated by averaging the percentages: (75.03% + 68.62% + 78.45%) / 3 = 74.03%.

On the other hand, South Carolina employs a double-weighted sales factor formula, where the sales factor carries twice the weight of the other factors. The South Carolina apportionment factor is calculated as (2*22.51% + 21.28% + 14.56%) / 4 = 20.22%.

Hence, the finalized North Carolina and South Carolina apportionment factors for Carolina's Hats are 74.03% and 20.22% respectively.

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