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North Miami Inc. has two international subsidiaries, one located in the Ukraine, the other in Korea. Consider the information below to answer the next question

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North Miami Inc. has two international subsidiaries, one located in the Ukraine, the other in Korea. Consider the information below to answer the next question Ukraine Korea United States Earnings before taxes $2000.000 $2,500,00 Corporate Income Tax Rate 40F 26 39 Dividend Withholding Tax Rate 10% 5% 0 The additional U.S. taxes due on the repatriation of income from the Ukraine to the United States, alone, assuming a 50% payout rate, is additional U.S. taxes due of $36,500 additional U.S. taxes due of $97.000 excess foreign tax credits of $18,500 excess foreign tax credits of $110,000

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