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The Parent consolidated group reports the following results for the tax year. Dollar amounts are listed in millions. Parent SubOne SubTwo SubThree Consolidated Ordinary income
The Parent consolidated group reports the following results for the tax year. Dollar amounts are listed in millions.
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Determine each member's share of the consolidated tax liability. All of the members have consented to use the relative taxable income method. Assume a 35% marginal tax rate. When required, round any division to four decimal places and round your final answer to the nearest million. However, for SubTwo's allocation, round your final answer down to the nearest million. If an amount is zero, enter "0".
Allocated Tax Due (in millions) | ||
Parent | $_________ | |
SubOne | $_________ | |
SubTwo | $_________ | |
SubThree | $_________ |
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