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: a. Calculate the State X apportionment factor for Sharon Inc., Carol Corp., Josey Corp., and Janice Corp. b. Calculate the business income apportioned to State X. c. Calculate the taxable income for State X for each company. d. Determine the tax liability for State X for the entire group.

Sharon Inc. State x Carol Coro. Sta-e Y Jose, Corp. State 2 Janice Corp. Sate 2 throwback) throwback) nonchrowback non-hrowback) Dividend score ,340 420 530 555 Business ir come 54,500 80,500 14,500 15,600 Sales: B, 200 15,00 13,600 State 15,600 C-,250 28,100 5,900 State 16,300 Slace 23,300 State 12,700 19,000 63,000 State Proper.y: 25,700 14,700 State 84,750 C 1 38,250 35,250 State State Payroll: 12,000 14,000 60,250 State > S.a .ee 3,350 18,600 10,100 Sharon Inc. State x Carol Coro. Sta-e Y Jose, Corp. State 2 Janice Corp. Sate 2 throwback) throwback) nonchrowback non-hrowback) Dividend score ,340 420 530 555 Business ir come 54,500 80,500 14,500 15,600 Sales: B, 200 15,00 13,600 State 15,600 C-,250 28,100 5,900 State 16,300 Slace 23,300 State 12,700 19,000 63,000 State Proper.y: 25,700 14,700 State 84,750 C 1 38,250 35,250 State State Payroll: 12,000 14,000 60,250 State > S.a .ee 3,350 18,600 10,100