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Question 2 7 options: Isaac Lemming owns foreign sources of income that results in $ 2 7 , 0 0 0 in income for the

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Isaac Lemming owns foreign sources of income that results in $27,000 in income for the current year. As the foreign jurisdiction withholds 22% in income tax, he only receives $21,060. He has other income in the year such that this foreign source income will be subject to a federal income tax rate of 33%
How much will his income increase as a result of the foreign source income, assuming that the foreign source income is non-business income?
How much additional federal income tax will he need to pay, assuming that the foreign source income is non-business income?
How much will his income increase as a result of the foreign source income, assuming that the foreign source income is business income?
How much additional federal income tax will he need to pay, assuming that the foreign source income is business income?

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