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.

How much in additional U.S. taxes would be due if North Miami averaged the tax credits and liabilities of the two foreign units, assuming a 50% payout rate from each?

United States Ukraine Korea Earnings before taxes Corporate Income Tax Rate Dividend Withholding Tax Rate $2000,000 40 $2500,000 26% 35% 10 5% 0% United States Ukraine Korea Earnings before taxes Corporate Income Tax Rate Dividend Withholding Tax Rate $2000,000 40 $2500,000 26% 35% 10 5% 0%