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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 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 Each of the corporations has operations in the following states:
tableDomicile State,tableSharonIncorporatedState XthrowbacktableCarolCorporationState YthrowbacktableJoseyCorporationState ZnonthrowbacktableJaniceCorporationState ZnonthrowbackDividend income,$$$$Business income,Sales: State XSales: State YSales: State ZSales: State ASales: State BProperty: State XProperty: State YProperty: State ZProperty: State APayroll: State XPayroll: State YPayroll: State ZPayroll: State A
Compute the following for State assuming a tax rate of percent.
Note: Use an equally weighted threefactor apportionment. Round all apportionment factors to decimal places. Round other answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.
b Calculate the business income apportioned to State X
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