The Chief consolidated group reports the following results for the tax year. Dollar amounts are listed in millions.

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.

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Parent SubOne SubTwo SubThree Consolidated $600 0- 250 140 60 (50) S 850 35 200 $200 ($90) (25) Ordinary income Capital gain/loss 5 1231 gain/loss Separate taxable $850 $200 150 ($90) with a $25 capital loss carryover incomes Consolidated taxable ncome $1,085 Consolidated tax liability 380 Energy tax credit, from SubOne Net tax due 310