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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
22. ABC Company has income from the following countries: Country Type of Operation Gross Earnings Income Tax Rate United States Parent 500,000 40% X Branch (10,000) 25% Y Distribution 120,000 5% Z 100%-owned 400,000 45% ABC's subsidiary in Z declares a 40 percent dividend; Z's withholding tax on dividends is 5 percent. Both the branch and the distribution facility, which is wholly owned, retain all earnings. The distribution earnings are considered to be foreign-based company sales income. What is ABC's final U.S. tax liability? MBA final exam-detailed answer
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