Seved Help 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: Domicile State Dividend income Business income Sales: State X State Y States State State B Property: State x State Y State 2 State Payroll: State x State y State 2 State Sharon Inc. Carol Corp. Josey Corp. Janice Corp. State x State y State & State z (throwback) (throwback) (nonthrowback) (nonthrowback) $ 1,550 $ 275 $ 740 $ 810 74,000 48,000 16,900 11,400 91,000 17,500 12,600 15,100 46,250 6,400 27,400 30,000 13,500 21,300 12,300 14,900 61,750 23,000 12,100 81,750 38,250 37,000 68,500 12,400 12,500 59,750 3,050 16,500 12,000 es 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.) a. Calculate the State x apportionment factor for Sharon Inc., Carol Corp., Josey Corp., and Janice Corp. State X Apportionment factors Sharon Carol Josey Janice Required information [The following information applies to the questions displayed below.) 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: Domicile State Dividend income Business income Sales: State x State Y State % State A State B Property State X State Y State 2 State A Payroll: State X State Y state State A Sharon Inc. Carol Corp. Josey Corp. Janice Corp. State X State Y State z States (throwback) (throwback) (nonthrowback) (nonthrowback) $ 1,550 $ 275 $ 740 $ 810 74,000 48,000 16,900 11,400 91,000 17,500 12,600 15,100 46,250 6,400 27,400 30,000 13,500 21,300 12,300 14,900 61,750 23,000 12,100 81,750 38,250 37,000 68,500 12,400 12,500 59,750 3,050 16,500 12,000 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.) b. Calculate the business income apportioned to State X Stato X Business Income Saved Help Say 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: Domicile State Dividend income Business income Sales: State x State y State 2 State A State B Property: State X State Y state 2 State A Payroll: State X State Y State State A Sharon Inc. Carol Corp. Josey Corp. Janice Corp. State x State Y State 2 States (throwback) (throwback) (nonthrowback) (nonthrowback) $ 1,550 $ 275 $ 740 $ 810 74.000 48.000 16,900 91,000 11,400 17,500 12,600 15,100 46,250 6,400 27,400 30,000 13,500 21,300 12,300 14,900 61,750 23,000 12,100 81,750 38,250 37,000 68,500 12,400 12,500 59,750 3,050 16,500 12,000 es 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.) c. Calculate the taxable income for State X for each company. State X taxable Income Sharon Carol Josey Janice Help 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: Domicile State Dividend income Business income Sales: State x State State z State A States Property Statex State Y States State Payroll: State x State Y state 2 State A Sharon Ine. Carol Corp. Josey Corp. Janice Corp. State X State Y State 3 State (throwback) (throwback) (nonthrowback) (nonthrowback) $ 1,550 $ 275 $ 740 $ 810 74,000 48,000 16,900 11,400 91,000 17,500 12,600 15,100 46,250 6,400 27,400 30,000 13,500 21,300 12,300 14,900 61,750 23,000 12,100 81,750 38,250 37,000 68,500 12,400 12,500 59,750 3,050 16,500 12,000 es 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 ability