Pacific Airlines is a U$.$S$.-$based firm with a wholly

owned subsidiary in Hong Kong. The current Hong

Kong corporate tax rate is $16\mathrm{.}5\%.$ The U$.$S$.$ corporate

tax rate is $21\%.$ The parent firm wants to repatriate

$80\%$ of net income as dividends annually. The Tax Cuts

and Jobs Act of $2017($TCJA$)$ provides $15\mathrm{.}5\%$ tax on

repatriation. They just reported $$9,000$ foreign income.

a$)$ How much is the net dividend to the parent firm

after they repatriated to the U$.$S$.?$

b$)$ How much is their effective overall tax rate