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Excess tax credit The corporate tax rate in Canada is 30% and the withholding dividend tax rate is 8%. If Home-depot generates $10,000 of taxable

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Excess tax credit The corporate tax rate in Canada is 30% and the withholding dividend tax rate is 8%. If Home-depot generates $10,000 of taxable income in Canada and wants to repatriate or bring it to the US, what is the excess tax credit calculation? Hint: Use the FTC scheme clauses applicable to this calculation] (8 points)

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