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Question 2 3 pts LongVision, Inc. is a controlled foreign corporation (CFC) with total foreign earnings of $20 million, of which $6 million is considered
Question 2 3 pts LongVision, Inc. is a controlled foreign corporation (CFC) with total foreign earnings of $20 million, of which $6 million is considered subpart F income. LongVision owns tangible business property with an adjusted tax basis of $50 million. ShortCite, Corporation, a U.S. corporation, owns 100 percent of the stock of LongVision. Compute LongVision's global intangible low-taxed income (GILTI). $9,000,000 $15,000,000 $14,000,000 $20,000,000
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