Sharon, Inc. is headquartered in State X and owns 100% of Carol, Josey, and Janice Corps, which form a single unitary group. Assume sales operations are within the solicitation bounds of Public Law 86-272. Each of the corporations has operations in the following states:

Compute the following for State X assuming a tax rate of 15 percent.
Calculate the State X apportionment factor for Sharon Inc., Carol Corp., Josey Corp., and Janice Corp.
Calculate the business income apportioned to State X.
Calculate the taxable income for State X for each company.
Determine the tax liability for State X for the entire group.

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Sharon, Inc. Carol Corp Josey Corjp State Z (non throwback) Janice Corp State Z (non throwback) Domicile State State X State Y (throwback) (throwback) Dividend ncome Business ncome Sales: State X70,000 1,000 200 300 500 50,000 30,000 10,000 10,000 10,000 40,000 20,000 10,000 5,000 20,000 10,000 State Y State Z State A20,000 State B 10,000 10,000 10,000 Property: State50,000 20,000 10,000 State Y State Z State A50,000 80,000 25,000 20,000 Payroll: State 10,000 10,000 State Y State Z State A 40,000 3,000 10,000 10,000