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

b. Calculate the business income apportioned to State X.

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

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

Required information [The following information applies to the questions displayed below.] Sharon Inc. is headquartered in State X and owns 100 percent of Carol Cor., Josey Corp., and Janice Corp., 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: Josey Corp Sharon Inc. Carol Corp. Janice Corp. State X State Y State Z State Z Domicile State (throwback) (throwback) (nonthrowback) (nonthrowback) $ 1,000 $50,000 $70,000 Dividend income 200 300 500 $10,000 $10,000 5,000 $20,000 Business income $30,000 $10,000 $40,000 $20,000 $10,000 $10,000 Sales: State X State Y $10,000 State Z $20,000 $1.000 $10,000 $10,000 State B $50,000 $20,000 $80,000 Property: State X State Y $25,000 $20,000 State Z $50,000 $10,000 State A Payroll: $10,000 $40,000 State X State Y 3,000 $10,000 $10,000 State Z State A 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.)