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Eoca Corporation, a US. corporation, reported US. taxable income of $1,000,000 in the current year. Boca also received a dividend of $100,000 from the corporation's
Eoca Corporation, a US. corporation, reported US. taxable income of $1,000,000 in the current year. Boca also received a dividend of $100,000 from the corporation's 100 percent owned subsidiary in ltaly. The dividend qualifies torthe 100 percent dividends received deduction. The Italian government imposed a withholding tax of$5,000 on the dividend. Compute Boca Corporation's net U.S. tax liability for the current year. Multiple Choice O $231,000 $227,000 $20 5 .000 O 0 $210,000 0
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