Warbler corporation whose federal taxable income totals 10

Reference no: EM13370401

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: EM13370401

Questions Cloud

On plant depreciation section how did you come out with : on plant depreciation section how did you come out with percentages 100000002.461 on first year. second year and so on

1 what would be the appropriate entry for the subsequent : 1. what would be the appropriate entry for the subsequent transaction?bill co. performed 5200 in consulting services on

1 on 1st january xyz a us company purchased inventory from : 1. on 1st january xyz a us company purchased inventory from a japanese supplier for yen100000000 with payment to be

1 kristen rented out her home for 15 days through the year : 1 kristen rented out her home for 15 days through the year for 3200. she used the home for personal purposes for other

Warbler corporation whose federal taxable income totals 10 : warbler corporation whose federal taxable income totals 10 million.warbler apportions 60 percent of its business income

On 1st january 2010 dawson incorporated paid 100000 for a : on 1st january 2010 dawson incorporated paid 100000 for a 30 interest in sacco corporation. this investee had assets

New orleans inc is a multidivisional company the present : new orleans inc. is a multidivisional company. the present roi for new orleans inc. as a whole is 12. new orleans inc.

Consider the recent performance of the closed fund a : consider the recent performance of the closed fund a closed-end fund devoted to finding undervalued thinly traded

Warren co recorded a right-of-use asset of 900000 in a : warren co. recorded a right-of-use asset of 900000 in a 8-year lease under which no profit was recorded at commencement

User Account

All Pages