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Enders, Inc., a domestic corporation that invests in foreign securities, reports total taxable income for the tax year of $570,000, consisting of $399,000 in U.S.-source
Enders, Inc., a domestic corporation that invests in foreign securities, reports total taxable income for the tax year of $570,000, consisting of $399,000 in U.S.-source business profits and $171,000 of Subpart F income from foreign sources. Income taxes of $51,300 were withheld by foreign tax authorities. Enders' U.S. tax before the FTC is $143,640. If required, round any division to two decimal places and round your final answer to the nearest dollar. a. Compute Enders's FTC for the tax year
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