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How much of warbler business income does state c tax

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Question - Warbler Corporation, whose Federal taxable income totals $10 million?

Warbler apportions 60% of it's business income to State C. Warbler generates $3 million of non business income each year, and 20% of that income is allocated to C. Applying the state income tax modifications, Warbler's total business income this year is $9 million.

a) How much of Warbler's business income does State C tax?

b) How much of Warbler's non business income does State C tax?

c) Explain your results.

Reference no: EM131875936

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