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 Inc. Carol Corp. 3osey Corp. Janice Corp. State x State Y State z State z Domicile State (throwback) (throwback) (nonthrowback) (nonthrowback) Dividend income $ 1,800 $ 200 $ 300 $ 500 Business income $50,00 $30,000 $10,000 $10,000 Sales: State X $70,000 $10,000 $10,000 $10, eee State Y $40,eee $ 5,000 State z $20,000 $20,000 $10,000 State A $20,000 State B $10,000 $10,000 Property: State X $50,000 $20,000 $10,000 State Y $80,eee State z $25,000 $20,000 State A $50,000 Payroll: State X $10,000 $10,000 State Y $40,000 State z $ 3,000 $10,000 State A $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.) 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: 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,eee $ 200 $ 300 $ 500 $50, eee $30,000 $10,000 $10, eee $70, eee $10,000 $10,eee $10,eee $40,000 $ 5,eee $20,000 $20, eee $10, eee $2e,eee $19, eee $10, eee $50,000 $20,000 $10,eee $80, eee $25,000 $20,000 $50,000 $10, eee $10,000 $40,000 $ 3,000 $1e, eee $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.) Calculate the taxable income for State X for each company. State X taxable income Sharon Carol Josey Janice $50,00 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 Inc. Carol Corp. Josey Corp. Janice Corp. State x State y State z State z Domicile State (throwback) (throwback) (nonthrowback) (nonthrowback) Dividend income $ 1,600 $ 200 $300 $ see Business incone $30,000 $10,000 $10,000 Sales: State x $70, eee $10,000 $10,000 $10,000 State Y $49, eee $ 5,000 State 2 $20,000 $20,000 $10,000 State A $20,000 State B $10,cee $10,000 Property: State x $50,000 $20,000 $10,000 State y $80,eee State z $25,000 $20,cee State A $50,000 Payroll: State x $10,000 $10,00 State Y $48,eee State z $ 3,00 $10,000 State A $10, eee 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 applles 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 incone Business incone 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) $ 1,800 $ 200 $ 380 $ 500 $50,000 $30,000 $10,eee $10,000 $70,000 $10,000 $10,000 $10,000 $40, eee $ 5,eee $20, eee $20, eee $10, eee $20,000 $10, eee $10, eee $50,000 $20,000 $10,000 $80,000 $25, eee $20,eee $50,000 $10,000 $10,000 $40,000 $ 3,800 $10,000 $10, eee 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 State X Business Income