![subject](/tpl/images/cats/ekonomika.png)
Business, 10.03.2020 00:36 alleshia2007
Spartan Corporation, a U. S. corporation, reported $2 million of pretax income from its business operations in Spartania, which were conducted through a foreign branch. Spartania taxes branch income at 15 percent, and the United States taxes corporate income at 21 percent.
Required:
a. If the United States provided no mechanism for mitigating double taxation, what would be the total tax (U. S. and foreign) on the $2 million of branch profits?
b. Assume the United States allows U. S. corporations to exclude foreign source income from U. S. taxation. What would be the total tax on the $2 million of branch profits?
c. Assume the United States allows U. S. corporations to claim a deduction for foreign income taxes. What would be the total tax on the $2 million of branch profits?
d-1. Assume the United States allows U. S. corporations to claim a credit for foreign income taxes paid on foreign source income. What would be the total tax on the $2 million of branch profits?
d-2. Assume the United States allows U. S. corporations to claim a refundable credit for foreign income taxes paid on foreign source income. What would be your answer if Spartania taxed branch profits at 30 percent?
![ansver](/tpl/images/cats/User.png)
Answers: 3
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 17:20
Luis and rosa, citizens of costa rica, moved to the united states in year 1 where they both lived and worked. in year 3, they provided the total support for their four young children (all under the age of 10). two children lived with luis and rosa in the u.s., one child lived with his aunt in mexico, and one child lived with her grandmother in costa rica. none of the children earned any income. all of the children were citizens of costa rica. the child in mexico was a resident of mexico, and the child in costa rica was a resident of costa rica. how many total exemptions (personal exemptions plus exemptions for dependents) may luis and rosa claim on their year 3 joint income tax return? a. 6 b. 5 c. 4 d. 2
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 02:30
On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 11:00
Which ranks these careers that employers are most likely to hire from the least to the greatest?
Answers: 2
You know the right answer?
Spartan Corporation, a U. S. corporation, reported $2 million of pretax income from its business ope...
Questions
![question](/tpl/images/cats/mat.png)
Mathematics, 02.11.2020 14:30
![question](/tpl/images/cats/fr.png)
![question](/tpl/images/cats/istoriya.png)
History, 02.11.2020 14:30
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/fizika.png)
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 02.11.2020 14:30
![question](/tpl/images/cats/fizika.png)
Physics, 02.11.2020 14:30
![question](/tpl/images/cats/mat.png)
Mathematics, 02.11.2020 14:30
![question](/tpl/images/cats/mat.png)
Mathematics, 02.11.2020 14:30
![question](/tpl/images/cats/nemec.png)
German, 02.11.2020 14:30
![question](/tpl/images/cats/mat.png)
Mathematics, 02.11.2020 14:30
![question](/tpl/images/cats/en.png)
English, 02.11.2020 14:40
![question](/tpl/images/cats/mat.png)
Mathematics, 02.11.2020 14:40
![question](/tpl/images/cats/mat.png)
Mathematics, 02.11.2020 14:40
![question](/tpl/images/cats/istoriya.png)
History, 02.11.2020 14:40
![question](/tpl/images/cats/himiya.png)
Chemistry, 02.11.2020 14:40
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/istoriya.png)
History, 02.11.2020 14:40
![question](/tpl/images/cats/ekonomika.png)