Question
The subsidiary of a U.S. corporation located in Country Y generated income of $1,000,000 on which it paid $200,000 in taxes to Country Y. The
The subsidiary of a U.S. corporation located in Country Y generated income of $1,000,000 on which it paid $200,000 in taxes to Country Y. The subsidiary paid a dividend to the U.S. parent of $150,000. How much tax is currently owed to the U.S. government if the federal tax rate is 35%?
| a. | $35,625 | |
| b. | $0 | |
| c. | $52,500 | |
| d. | $32,500 |
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Auditing And GRC Automation In SAP
Authors: Maxim Chuprunov
1st Edition
3642353010, 9783642353017
