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dif multinational tax QUESTION 11 A domestic corporation owns 65% of the stock of a foreign corporation. This year, the domestic corporation receives dividends of
dif multinational tax QUESTION 11
A domestic corporation owns 65% of the stock of a foreign corporation. This year, the domestic corporation receives dividends of $ 51 from the foreign corporation, which posted after-tax E&P and foreign taxes of $ 419 and $ 4,748 respectively. What is the domestic corporations total gross income from this dividend if it elects to claim the foreign tax credit for deemed-paid foreign taxes?
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