Orange, Inc., a C Corporation for federal tax purposes, owns 82% of Citrus Corporation common stock, a C Corporation for federal tax purposes. This year, Orange generated $100,000 operating income (not including dividends). It also received $20,000 dividends from Citrus Corporation. Orange's taxable income is:

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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account a is the answer. process of elimination