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:

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

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

. 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 Inc. Carol Corp. Josey Corp. Janice Corp. State X State Y State z State z Domicile State (throwback) (throwback) (nonthrowback) (nonthrowback) Dividend income $ 1,460 $ 295 $ 610 $ 520 Business income $52,200 $32,500 $18,100 $19,000 Sales: State x $88,200 $13,500 $16,400 $ 16,800 State Y $ 45, 250 $ 8,700 State z $23,100 $44,250 $ 16,800 State A $29,500 State B $19,300 $19,000 Property: State x $ 72,500 $26,800 $13,000 State Y $97,500 State z $41,500 $35, 750 State A $60,500 Payroll: State x $15, 100 $18,900 State Y $58,750 State z $ 5,650 $16, 200 State A $19,700 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. 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 $ 1,460 $ 295 $ 610 $ 520 Business income $52,200 $32,500 $18,100 $19,000 Sales: State x $88,200 $13,500 $16,400 $ 16,800 State Y $ 45, 250 $ 8,700 State z $23,100 $44,250 $ 16,800 State A $29,500 State B $19,300 $19,000 Property: State x $ 72,500 $26,800 $13,000 State Y $97,500 State z $41,500 $35, 750 State A $60,500 Payroll: State x $15, 100 $18,900 State Y $58,750 State z $ 5,650 $16, 200 State A $19,700 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