federal income taxation accounting 360

answer to this question, accounting 360 federal income taxation

federal income tax

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PROBLEM EIGHT (4 pts. total) PART A (2 pts.) Rachel has $90,000 of foreign earned income and $500,000 of U.S. based income. She is anticipating having similar income in future years. She is concerned about double taxation of her income and whether or not she should elect a particular tax benefit. Assuming you were her tax adviser, what would you recommend? PART B (2 pts.) Assume that Rachel has $700,000 of foreign earned income and $300,000 of U.S. based income. She is anticipating having similar income in future years. How would you adjust your suggestions from Part A? PROBLEM EIGHT (4 pts. total) PART A (2 pts.) Rachel has $90,000 of foreign earned income and $500,000 of U.S. based income. She is anticipating having similar income in future years. She is concerned about double taxation of her income and whether or not she should elect a particular tax benefit. Assuming you were her tax adviser, what would you recommend? PART B (2 pts.) Assume that Rachel has $700,000 of foreign earned income and $300,000 of U.S. based income. She is anticipating having similar income in future years. How would you adjust your suggestions from Part A