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What amount of taxable income does greenco report

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Question - GreenCo, a U.S. corporation, earns $25 million of taxable income from U.S. sources and $10 million of taxable income from foreign sources. What amount of taxable income does GreenCo report on its U.S. tax return?

a. $25 million.

b. $35 million.

c. $25 million less any tax paid on the foreign income.

d. $55 million.

Reference no: EM132350586

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