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please solve 10/24/2019 Part II Brown Corporation is a U.S. based company. Brown Corporation has a branch in France (Brun SA). In the current year,

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10/24/2019 Part II Brown Corporation is a U.S. based company. Brown Corporation has a branch in France (Brun SA). In the current year, Brun SA earned 10,000,000 income before tax. French tax 3,000,000 were paid at 12/31. 1,000,000 cash repatriation to Brown were made on July 1. Relevant exchange rates for the current year are as follows: July 1 Average December 31 1=$0.900 1-$0.925 l=$0.970 Required: What is the amount of U.S. taxable income in US$ from Brun SA? b. How much is the U.S. income tax on Brun SA income? U.S. corporate income tax rate is 21 %. c. How much foreign tax credit can be taken in calculating the taxes owed to the U.S. on Brun SA income? . d. How much tax liability will be to the U.S. government on Brun SA income

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