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Sharon Inc. is headquartered in State X and owns 100 percent of Carol, Josey, and Janice Corps. 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 Inc. State X (throwback)		Carol Corp. State Y (throwback)		Josey Corp. State Z (nonthrowback)		Janice Corp. State Z (nonthrowback)
Dividend income		$	1,540	$	635	$	760	$	565
Business income		$	42,700	$	37,000	$	19,800	$	18,200
Sales:	State X	$	85,200	$	11,400	$	10,500	$	14,100
	State Y			$	55,500	$	7,550
	State Z			$	26,500	$	39,250	$	17,000
	State A	$	21,100
	State B	$	12,100					$	12,100
Property:	State X	$	71,500	$	23,500			$	12,000
	State Y			$	90,250
	State Z					$	25,750	$	39,250
	State A	$	71,500
Payroll:	State X	$	19,300	$	16,300
	State Y			$	63,750
	State Z					$	5,950	$	14,700
	State A							$	13,400

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.) [The following information applies to the questions displayed below.]

Comprehensive Problem 23-51 Part a

a. Calculate the State X apportionment factor for Sharon Inc., Carol Corp., Josey Corp., and Janice Corp.

	Apportionment factors: State X Sharon Carol Josey 0.0000 Janice

b. Calculate the business income apportioned to State X.

	State X Business Income

c. Calculate the taxable income for State X for each company.

	State taxable income reported: State X Sharon Carol Josey 0 Janice

d. Determine the tax liability for State X for the entire group.

	State X Tax liability

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