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A U.S. based taxpayer has a foreign branch with a tax effected NOL of $10,000 and requires a full valuation allowance. The taxpayer anticipates taking

A U.S. based taxpayer has a foreign branch with a tax effected NOL of $10,000 and requires a full valuation allowance. The taxpayer anticipates taking a Foreign Tax Credit with respect to this branch. 



What is the deferred recorded for the U.S. effect of the foreign branch deferred? The U.S. tax rate is 25% and the foreign tax rate is 10%.

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