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Business, 28.11.2019 02:31 greysonelmore1212

Taxpayer l has income of $55,000 from norway, which imposes a 40 percent income tax, and income of $45,000 from france, which imposes a 30 percent income tax. l has additional taxable income from u. s. sources of $200,000 and u. s. tax liability before credits of $105,000. what is the amount of the foreign tax credit?

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Taxpayer l has income of $55,000 from norway, which imposes a 40 percent income tax, and income of $...
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