W9 Assignment 7 Parco (DDD-country based company has 3 branches in different countries: AAA, BBB and CCC. The branches generated incomes of DDD currency (DC) DC100,000; DC200,000 and DC300,000 respectively. DDD-country income tax rate is 35%. Income tax rates for the countries are listed below: Country AAA CCC Income tax rate 50% 4096 3096 Required: BBB I For Parco compute the following: 1) DDD's income tax before FTC; 2) Foreign income taxes paid; B) Foreign tax credit (FTC) allowed; 4) Net DDD-country tax liability before excess FTC; 5) Excess foreign tax credit