A. Calculate the State X apportionment factor for Sharon Inc., Carol Corp., Josey Corp., and Janice Corp.

B.Calculate the business income apportioned to State X.

C. Calculate the taxable income for State X for each company.

D. Determine the tax liability for State X for the entire group.

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: Sharon Carol Josey Corp. Janice Corp. Inc. State % State Z State X State Y (throwback (throwback (nonthrowback (nonthrowback Domicile State Dividend $ 1,650 $ 490 $ 425 $ 875 income Business $ 61,200 $ 45,750 $ 12,400 $ 18,400 income State Sales: $ 90,000 on $ 12,800 $ 20,300 $ 17,600 Stat $ 55,000 $ 6,050 e Y Stat $ 29,000 $ 24,750 $ 13,700 e z Stat e A $ 24,900 Stat $ 11,600 $ 14,800 $ 26,700 $ 15,900 $ 97,000 Property: $ 62,500 Stat eY Stat e z Stats 62 500 $ 32,250 $ 21,500 Payroll: $ 11,500 $ 16,500 - Stat $ 42,500 $ 4,300 $ 16,000 Stat ez Stat $ 11,600 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.) 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: Sharon Carol Josey Corp. Janice Corp. Inc. State % State Z State X State Y (throwback (throwback (nonthrowback (nonthrowback Domicile State Dividend $ 1,650 $ 490 $ 425 $ 875 income Business $ 61,200 $ 45,750 $ 12,400 $ 18,400 income State Sales: $ 90,000 on $ 12,800 $ 20,300 $ 17,600 Stat $ 55,000 $ 6,050 e Y Stat $ 29,000 $ 24,750 $ 13,700 e z Stat e A $ 24,900 Stat $ 11,600 $ 14,800 $ 26,700 $ 15,900 $ 97,000 Property: $ 62,500 Stat eY Stat e z Stats 62 500 $ 32,250 $ 21,500 Payroll: $ 11,500 $ 16,500 - Stat $ 42,500 $ 4,300 $ 16,000 Stat ez Stat $ 11,600 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.)