Tax Am 12.000 banks obenemoci come to come como o Tax credits AUS-based MNC has a foreign subsidiary that earns $242,000 before local taxes with all the attor tax funds to be available to the parent in the form of dividends The applicable taxes consist of a 39% foreign income tax rate, a foreign dividend withholding tax rate of 9 2%, and a US tax rate of 28% Calculate the net funds available to the parent MNC a Foreign taxes can be applied as a credit against the MNCS US tax liability b. No tax credits are allowed a foreign taxes can be applied as a credit against the MNCNUS tax liability, the net fonds available to the US compay $ (Round to the nearest dotar) b. If no tax credits are permitted the net funds available to the US company is 1 (Round to the nearest dollar)