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QUESTION 11 4p MWA, Inc., a US C-corporation, owns 100% of China, Inc. a Chinese corporation. Assume the following facts for China in 2019. Tested

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QUESTION 11 4p MWA, Inc., a US C-corporation, owns 100% of China, Inc. a Chinese corporation. Assume the following facts for China in 2019. Tested income of $20.000 il Tax pool of $4,000 il. Tax basis intangible assets of $10,000 What is MWA'S GILT inclusion for 20197 a $20,000 b. $19,000 CC. $14,000 d. $10,000 e. $9.500 QUESTION 12 4 points Assume the same facts as the previous example and MWA has no other activity What is MWA's net US tax liability after applying foreign tax credits? a 52.489 6.52,389 C. $675 d. 5295 Ces QUESTION 13 4 points Click Save and submit to save and wanit. Click Save All An to save all annars Save Al Answers Sa tv

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