Carlotta,Inc

question 28

Multiple Choice

Carlotta,Inc. ,has $50,000 foreign-source income and $150,000 worldwide income.Its U.S.tax on its worldwide income is $42,000,and it paid foreign taxes of $16,000.What is the corporation's foreign tax credit?

• A)$2,000
• B)$14,000
• C)$16,000
• D)$42,000

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Definitions:

Motor Skill

The ability to perform movements and tasks involving the coordination of muscles and the body.

Babies

Young infants, typically from birth to one year of age, going through rapid physical, cognitive, and emotional development.

Prefrontal Cortex

The front part of the frontal lobe of the brain, implicated in various complex behaviors including planning, decision-making, and moderating social behavior.

Adolescent Years

A developmental stage occurring between childhood and adulthood, marked by significant physical, psychological, and social changes.