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Required information Sharon Inc. is headquartered in State X and owns 100 percent of Carol, Josey, and Janice Corps. which form a single unitary group.
Required information Sharon Inc. is headquartered in State X and owns 100 percent 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: Sharon Inc.Carol Corp. Josey Corp Janice Corp State x (throwback) S 1,000 S50,000 $70,000 State y (throwback) $ 200 $30,000 $10,000 $40,000 $20,000 State non throwback) S 300 $10,000 $10,000 S5,000 $20,000 State (nonthrowback) S 500 10,000 $10,000 Domicile State Dividend income Business income Sales: State X State Y State Z State A State B State X State Y State Z State A State X State Y State Z State A $10,000 $20,000 $10,000 $50,000 10,000 10,000 $20,000 $80,000 Property: $25,000 20,000 $50,000 $10,000 Payroll: $10,000 $40,000 $ 3,000 $10,000 $10,000 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.) [The following information applies to the questions displayed below.] a. Calculate the State X apportionment factor for Sharon Inc., Carol Corp., Josey Corp., and Janice Corp Apportionment State X factors Sharon Carol Josey Janice Required information Sharon Inc. is headquartered in State X and owns 100 percent 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: Sharon Inc.Carol Corp. Josey Corp Janice Corp State x (throwback) S 1,000 S50,000 $70,000 State y (throwback) $ 200 $30,000 $10,000 $40,000 $20,000 State non throwback) S 300 $10,000 $10,000 S5,000 $20,000 State (nonthrowback) S 500 10,000 $10,000 Domicile State Dividend income Business income Sales: State X State Y State Z State A State B State X State Y State Z State A State X State Y State Z State A $10,000 $20,000 $10,000 $50,000 10,000 10,000 $20,000 $80,000 Property: $25,000 20,000 $50,000 $10,000 Payroll: $10,000 $40,000 $ 3,000 $10,000 $10,000 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.) [The following information applies to the questions displayed below.] a. Calculate the State X apportionment factor for Sharon Inc., Carol Corp., Josey Corp., and Janice Corp Apportionment State X factors Sharon Carol Josey Janice
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