please do A-D

Pacific Jewel Airlines (Hong Kong). Pacific Jewel Airlines is a U.S.-based air freight firm with a wholly owned subsidiary in Hong Kong. The subsidiary, expected earnings and payout rates for the years 2011-2014. The current Hong Kong corporate tax rate on this category of income is 17%. Hong Kong imposes no withholding taxes on dividen investors (per the Hong Kong-United States bilateral tax treaty). The U.S. corporate income tax rate is 35%. The parent company wants to repatriate 70% of net income as dividends annually. a. Calculate the net income available for distribution by the Hong Kong subsidiary for the years 2011-2014. b. What is the expected amount of the dividend to be remitted to the U.S. parent each year? c. After estimating the theoretical U.S. tax liability on the expected dividend (what is often termed gross-up in the U.S.), what is the total dividend after tax, including all Hong Kong and U.S. taxes, expected each year? d. What is the effective tax rate on this foreign-sourced income per year? a. Calculate the net income available for distribution by the Hong Kong subsidiary for the years 2011-2014 in the following table. (Round to the nearest dollar.) \begin{tabular}{lccccc} \multicolumn{1}{c}{ Jewel Hong Kong Income Items (millions US\$) } & 2011 & 2012 & 2013 & 2014 \\ \hline Earnings before interest and taxes (EBIT) & $ & 8,000$ & 10,000$ & 12,000$ & 14,000 \\ Less interest expenses & (800) & (1,000) & (1,200) & (1,400) \\ \cline { 2 - 6 } Earnings before taxes (EBT) & $ & 7,200$ & 9,000$ & 10,800$ & 12,600 \\ \hline \end{tabular}