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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 Janice Corp. State Z Sharon Inc. Carol Corp. Josey Corp. State X State Y StateZ Domicile State (throwback) (throwback) (nonthrowback) (nonthrowback) Dividend income Business income Sales: $1,580 $69,000 $81,700 $ 405 $49,500 $16,400 $50,500 $27,700 $ 695 $19,000 $11,400 6,300 $36,000 $730 $18,900 $13,200 State X State Y State Z State A State B State X State Y State Z State A State X State Y State Z State A $19,200 $29,700 $15,000 $55,000 $14,700 $10,400 $21,500 $88,000 Property: $36,250 $27,750 $61,250 $12,900 Payroll: $17,600 $45,500 $ 3,650 $16,900 $14,500 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. Answer is complete but not entirely correct. State X Apportionment factors Sharon Carol Josey Janice 0.7296 0.0000 > 0.0000 0.0000

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