Provide the required information for Orange Corporation, whose Federal taxable income totals $100 million. Orange apportions 70% of its business income to State C. Orange generates $10 million of nonbusiness income each year. Forty percent of that income is attributable to rentals of buildings located in C. Orange's business income this year totals $90 million.
a. State C taxes how much of Orange's business income?
b. State C taxes how much of Orange's nonbusiness income?
c. Explain your results.

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The Answer of Provide the required information for Orange Corporation, whose Federal taxable income totals $100 million. Orange apportions 70% of its business income to State C. Orange generates $10 million of nonbusiness income each year. Forty percent of that income is attributable to rentals of buildings located in C. Orange's business income this year totals $90 million.
a. State C taxes how much of Orange's business income?
b. State C taxes how much of Orange's nonbusiness income?
c. Explain your results.

Provide the Required Information for Orange Corporation, Whose Federal Taxable