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Spartan Corporation, a US, corporation, reported 55 million of pretax income from its business operations in Spartania, which were conducted through a foreign branch. Spaitania

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Spartan Corporation, a US, corporation, reported 55 million of pretax income from its business operations in Spartania, which were conducted through a foreign branch. Spaitania taxes branch income at 15 percent, and the United States taxes corporate income at 21 percemt. Required: 0. If the United States provded no mechanism for mitgating double taxation. what would be the total tax (US, and foreign) on the $5. million of beancts profits? b. Assume the United States allows US corporations to exclude foreign sourceincome from US taxation What would be the fotal tax on the $5 malion of branch profits? c. Assume the Unifed States allows US corporations to claim a deduction for foreign income taxes. What would be the total tax on the 55 million of branch proftes? d-1. Assume the United States allows U S. corpotations to claim a credit for foreign income taxes poid on foreign source income. What Would be the total tax on the $5 million of branch profits? d.2. Assume the Unted States allows US corporations to claim a credit for foreign income taxes poid on foreign source income. What would be your answer if Spartania tawed branch profits at 30 percent? Note: For all requirements, erter your answers in dollars ond not in millions of dollars

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