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U.S. Parent wholly owns a CFC with depreciable assets having a quarterlyaverage adjusted basis of $20 million and $5millionof tested income. What is the GILTI?
- U.S. Parent wholly owns a CFC with depreciable assets having a quarterlyaverage adjusted basis of $20 million and $5millionof tested income. What is the GILTI?
- $0
- $4 million
- $1 million
- $2 million
- $3 million
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