How Do the Members of a Federal Consolidated Group Split

Multiple Choice

How do the members of a Federal consolidated group split among themselves the benefits of the lower tax brackets on the first $75,000 of taxable income?

A) According to their relative net asset holdings.
B) According to an internal tax-sharing agreement.
C) According to an internal tax-sharing agreement, which may be modified by the IRS upon audit.
D) According to a tax-sharing agreement that must be approved by the IRS by the end of the first quarter of the tax year.