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What is USIs US tax for this income

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Question - Last year, USI released its breathable compostable fabric that is durable and washable and 100% safe for the environment. The fabric immediately begins to sells all over the world. This year, USI's sales profits in Japan are $3,000,000. USI'S US corporate tax rate is 21% and it must pay a 15% corporate tax rate on its Japan-earned income.

a. What is USI's FTC (foreign tax credit) for this year?

b. What is USI's US tax for this income?

c. What is USI's total US tax liability for its Japanese sales this year?

Reference no: EM132757094

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