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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.

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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: Part 1 of 4 Domicile State Dividend income Business income Sales: State A State x tttttttt ttttttt Sharon Inc. Carol Corp. Josey Corp. Janice Corp. StateX State Y State Z State Z (throwback) (throwback) (nonthrowback) (nonthrowback) $ 1,000 $ 200 $ 300 $ 500 $50,000 $30,000 $10,000 $10,000 $70,000 $10,000 $10,000 $10,000 $40,000 $ 5,000 $20,000 $20,000 $10,000 $20,000 $10,000 $10,000 $50,000 $20,000 $10,000 $80,000 $25,000 $20,000 $50,000 $10,000 $10,000 $40,000 $ 3,000 $10,000 $10,000 points Property: Payroll: Print State z State A State X State Y State z State A 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.) Comprehensive Problem 12-51 Part a 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

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