Compute items 1 and 2 baesd on the information provided 1. Compute tax from GILTI based on the following information 200 Subpart F Income Non-Subpart F Income 500 700 Total Gross Income -500 Expenses 200 Before Tax Income (22) Tax @ 11% 178 After Tax Income (E&P) 150 QBAI Income Expenses Before Tax Income Tax After Tax Earnings Tested Income Less: QBAI x 10% Net DIR Gross-Up GILTI 50% Deduction (Sec 250) Taxable GILTI US Tax Rate Tax Before FTC Less: FTC Tax on GILTI Subpart F 0 0 Tested Income 0 0 Total 0 0 0 0 0 2. Compute FDII Based on the following information Facts: 800 400 Income from US Customers Income from Foreign Customers GILTI (from above computation) Foreign Branch Income 80 Total Gross Income 1280 -200 Deductions allocable to foreign Deductions allocable to US -200 BT Income 880 QBAI 1000 DEI Gross Income Less: GILTI Less: Branch Inc. Less Deductions DEI Income Deductions Taxable Income Deemed Intangible Income DEI 10% QBAI DII FDII DII FDDEI 0 0 0 USDEI X Non-DEI Total Ooo Compute items 1 and 2 baesd on the information provided 1. Compute tax from GILTI based on the following information 200 Subpart F Income Non-Subpart F Income 500 700 Total Gross Income -500 Expenses 200 Before Tax Income (22) Tax @ 11% 178 After Tax Income (E&P) 150 QBAI Income Expenses Before Tax Income Tax After Tax Earnings Tested Income Less: QBAI x 10% Net DIR Gross-Up GILTI 50% Deduction (Sec 250) Taxable GILTI US Tax Rate Tax Before FTC Less: FTC Tax on GILTI Subpart F 0 0 Tested Income 0 0 Total 0 0 0 0 0 2. Compute FDII Based on the following information Facts: 800 400 Income from US Customers Income from Foreign Customers GILTI (from above computation) Foreign Branch Income 80 Total Gross Income 1280 -200 Deductions allocable to foreign Deductions allocable to US -200 BT Income 880 QBAI 1000 DEI Gross Income Less: GILTI Less: Branch Inc. Less Deductions DEI Income Deductions Taxable Income Deemed Intangible Income DEI 10% QBAI DII FDII DII FDDEI 0 0 0 USDEI X Non-DEI Total Ooo