Evaluate federal taxable income

Reference no: EM1374847

Warbler Corporation, whose Federal taxable income totals $10 million.

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

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

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

c) Explain your results.

Reference no: EM1374847

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