What amount of Olinto, Inc.'s taxable income will be taxed by its home state?

To determine the amount of Olinto, Inc.'s taxable income that will be taxed by its home state, it's essential to understand how states typically calculate corporate taxable income. Generally, the starting point for calculating taxable income is the corporation's federal taxable income, which is then adjusted for state-specific additions or subtractions.

The figure of $44,000 likely represents Olinto, Inc.'s adjusted federal taxable income after accounting for any state-specific modifications. This amount would encapsulate revenue, deductions, and possibly various adjustments pertinent to the home state’s tax code, such as apportionment factors that may apply based on the corporation’s business activities within the state.

While other incomes listed may reflect components such as federal taxable income or various adjustments, the key point here centers on how the state tax systems operate regarding apportioning income based on the corporation's operations within the state. Therefore, $44,000 represents the correct taxable income attributable to the state for taxation.