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Transcom, an Ohio corporation, earned $700,000 US, source income from sales of goods to U.S. customers and $330,000 foreign source Income from sales of goods

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Transcom, an Ohio corporation, earned $700,000 US, source income from sales of goods to U.S. customers and $330,000 foreign source Income from sales of goods to customers in Canada Canada's corporate income tax rate is 15 percent, and the United States and Canada have a bilateral tax treaty Required: a. Compute Transcom's U.S. tax if it does not maintain a permanent establishment in Canada. Assume the foreign source income does not qualify as FDI b. Compute Transcom's U.S. tax if it does maintain a permanent establishment in Canada. Complete this question by entering your answers in the tabs below. Required A Required B Compute Transcom's U.S. tax if it does not maintain a permanent establishment in Canada. Assume the foreign source income does not qualify as FDII. U.S. income tax

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