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Sharon Incorporated is headquartered in State X and owns 1 0 0 percent of Carol Corporation, Josey Corporation, and Janice Corporation, which form a single

Sharon Incorporated is headquartered in State X and owns 100 percent of Carol Corporation, Josey Corporation, and Janice Corporation, 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 Sharon Incorporated State X (throwback) Carol Corporation State Y (throwback) Josey Corporation State Z (nonthrowback) Janice Corporation State Z (nonthrowback)
Dividend income $ 1,000 $ 200 $ 300 $ 500
Business income 50,00030,00010,00010,000
Sales: State X 70,00010,00010,00010,000
Sales: State Y 40,0005,000
Sales: State Z 20,00020,00010,000
Sales: State A 20,000
Sales: State B 10,00010,000
Property: State X 50,00020,00010,000
Property: State Y 80,000
Property: State Z 25,00020,000
Property: State A 50,000
Payroll: State X 10,00010,000
Payroll: State Y 40,000
Payroll: State Z 3,00010,000
Payroll: State A 10,000
Compute the following for State X assuming a tax rate of 15 percent.
Note: 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 Incorporated, Carol Corporation, Josey Corporation, and Janice Corporation

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