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Based on the information below, the Federal Foreign Tax Credit is? Corporation ABC, a public company, give you the following Financial Information for this year:
Based on the information below, the Federal Foreign Tax Credit is? Corporation ABC, a public company, give you the following Financial Information for this year: USA (America) Investment Net Income before USA tax paid of $2,000 $10,000 Net Income, all earned in Canada $120,000 Canadian Dividends Received this year $20,000 Taxable Income (all earned in Canada) $100,000
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