Comet operates solely within the United States. It owns two subsidiaries conducting business in the United States and several foreign countries. Both subsidiaries are U.S. corporations. This year, the three corporations report the following:

	Foreign Source Income			U.S. Source Income			Foreign Income Tax Paid
Comet		0		$	340,000			0
Sub 1	$	3,510,000			221,000		$	358,000
Sub 2		4,500,000			415,000			1,195,000

1. If Comet and its two subsidiaries file a consolidated U.S. tax return, compute consolidated income tax.
2. What is the aggregate tax of the group if the three corporations file separate U.S. tax returns?

Required A Required B If Comet and its two subsidiaries file a consolidated U.S. tax return, compute consolidated income tax. (Do not round any intermediate division.) Consolidated income tax Required A Required B > Required A Required B What is the aggregate tax of the group if the three corporations file separate U.S. tax returns? (Do not round any intermediate division.) Aggregate tax