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During the current year, Pearlene Monroig earns business income in the UK of 10,000 from which the British government withholds 2,000. Assume that the relevant

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During the current year, Pearlene Monroig earns business income in the UK of 10,000 from which the British government withholds 2,000. Assume that the relevant exchange rate was 1.00 - $1.70 for the year. Which of the following statements is correct? Select one O A Pearlene will have foreign source net business income of $17,000 and no credit against Tax Payable. B. Pearlene will have foreign source net business income of $13,600 and a credit against Tax Payable of $3,400. OC. Pearlene will have foreign source net business income of $17,000 and a credit against Tax Payable of $3,400. OD. Pearlene will have foreign source net business income of $16,150 and a credit against Tax Payable of $2,550

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