4. Required information [The following information applies to the questions displayed below.] Part 4 of 4 Sharon Inc. is headquartered in State X and owns 100 percent of Carol Corp., Josey Corp., and Janice Corp., 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: 2.5 points eBook Domicile State Dividend income Business income Sales : State x State Y State Z State A State B Property: State x State y State z State A Payroll: State x State Y State Z State A Sharon Inc. Carol Corp. Josey Corp. Janice Corp. State x State Y State Z State Z (throwback) (throwback) (nonthrowback) (nonthrowback) $ 1,280 $ 575 $ 405 $ 605 50,300 31,500 11,700 16,300 79,700 16,000 17,800 11,500 50,000 8,300 21,300 32,500 14,000 32,200 14,100 17,500 59, 250 28,100 19,500 86,750 45,750 40,500 69,000 13,300 15,400 43,750 5,000 12,300 14,100 References Compute the following for State X assuming a tax rate of 15 percent. (Use an equally weighted three-factor apportionment. Round all apportionment factors to 4 decimal places. Round other answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) d. Determine the tax liability for State X for the entire group. State X Tax liability Sharon Inc. is headquartered in State X and owns 100 percent of Carol Corp., Josey Corp., and Janice Corp., 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: 4 Part 4 of 4 2.5 points Domicile State Dividend income Business income Sales : State x State Y State Z State A State B Property: State x State Y State z State A Payroll: State x State Y State z State A Sharon Inc. Carol Corp. Josey Corp. Janice Corp. State x State y State z State z (throwback) (throwback) (nonthrowback) (nonthrowback) $ 1,280 $ 575 $ 405 $ 605 50,300 31,500 11,700 16,300 79,700 16,000 17,800 11,500 50,000 8,300 21,300 32,500 14,000 32,200 14,100 17,500 59, 250 28,100 19,500 86,750 45,750 40,500 69,000 13,300 15,400 43,750 5,000 12,300 14,100 eBook References Compute the following for State X assuming a tax rate of 15 percent. (Use an equally weighted three-factor apportionment. Round all apportionment factors to 4 decimal places. Round other answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) d. Determine the tax liability for State X for the entire group. State X Tax liability 4. Required information [The following information applies to the questions displayed below.] Part 4 of 4 Sharon Inc. is headquartered in State X and owns 100 percent of Carol Corp., Josey Corp., and Janice Corp., 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: 2.5 points eBook Domicile State Dividend income Business income Sales : State x State Y State Z State A State B Property: State x State y State z State A Payroll: State x State Y State Z State A Sharon Inc. Carol Corp. Josey Corp. Janice Corp. State x State Y State Z State Z (throwback) (throwback) (nonthrowback) (nonthrowback) $ 1,280 $ 575 $ 405 $ 605 50,300 31,500 11,700 16,300 79,700 16,000 17,800 11,500 50,000 8,300 21,300 32,500 14,000 32,200 14,100 17,500 59, 250 28,100 19,500 86,750 45,750 40,500 69,000 13,300 15,400 43,750 5,000 12,300 14,100 References Compute the following for State X assuming a tax rate of 15 percent. (Use an equally weighted three-factor apportionment. Round all apportionment factors to 4 decimal places. Round other answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) d. Determine the tax liability for State X for the entire group. State X Tax liability Sharon Inc. is headquartered in State X and owns 100 percent of Carol Corp., Josey Corp., and Janice Corp., 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: 4 Part 4 of 4 2.5 points Domicile State Dividend income Business income Sales : State x State Y State Z State A State B Property: State x State Y State z State A Payroll: State x State Y State z State A Sharon Inc. Carol Corp. Josey Corp. Janice Corp. State x State y State z State z (throwback) (throwback) (nonthrowback) (nonthrowback) $ 1,280 $ 575 $ 405 $ 605 50,300 31,500 11,700 16,300 79,700 16,000 17,800 11,500 50,000 8,300 21,300 32,500 14,000 32,200 14,100 17,500 59, 250 28,100 19,500 86,750 45,750 40,500 69,000 13,300 15,400 43,750 5,000 12,300 14,100 eBook References Compute the following for State X assuming a tax rate of 15 percent. (Use an equally weighted three-factor apportionment. Round all apportionment factors to 4 decimal places. Round other answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) d. Determine the tax liability for State X for the entire group. State X Tax liability