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Business, 04.08.2020 23:01 duauifja

Orleans Corporation, a U. S. corporation, reported U. S. taxable income of $2,000,000. Included in the computation of taxable income was a $400,000 dividend from a 5%-owned Canadian subsidiary. A withholding tax of $8,000 was imposed on the dividend. What is Orleans’s net U. S. tax liability?

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Orleans Corporation, a U. S. corporation, reported U. S. taxable income of $2,000,000. Included in t...
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