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HavenCo is a U . S . corporation with extensive foreign operations. It had $ 2 7 0 million of average gross receipts over the

HavenCo is a U.S. corporation with extensive foreign operations. It had $270 million of average gross receipts over the prior three years. In the current year, Haven has U.S. taxable income of $6,000,000. It also made base erosion payments to foreign related parties of $20,000,000. The corporate tax rate is 21%. How much, if any, additional BEAT tax will HavenCo. owe?
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$1,340,000
$2,600,000
$0

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