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! Required information [The following information applies to the questions displayed below.] Sharon Incorporated is headquartered in State X and owns 100 percent of
! Required information [The following information applies to the questions displayed below.] Sharon Incorporated is headquartered in State X and owns 100 percent of Carol Corporation, Josey Corporation, and Janice Corporation, 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: Josey Corporation State Z Janice Corporation State Z Sharon Carol Incorporated Corporation State X State Y (throwback) (throwback) (nonthrowback) (nonthrowback) Domicile State Dividend income Business income $ 1,830 $ 595 46,500 43,250 Sales: State X Sales: State Y 78,500 18,500 $ 525 14,200 14,300 $ 530 19,500 16,100 52,500 6,850 Sales: State Z 20,200 39,750 14,500 Sales: State A 29,300 Sales: State B 16,900 18,400 Property: State X 69,500 21,600 12,200 Property: State Y 86,500 Property: State Z 40,500 20,750 Property: State A 65,750 Payroll: State X 14,500 17,900 Payroll: State Y 55,250 Payroll: State Z 6,200 15,400 Payroll: State A 19,400 Compute the following for State X assuming a tax rate of 15 percent. Note: 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. a. Calculate the State X apportionment factor for Sharon Incorporated, Carol Corporation, Josey Corporation, and Janice Corporation State X Apportionment factors Sharon Carol Josey Janice
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