Use the Information for the Question(s)below

question 32

Multiple Choice

Use the information for the question(s) below.
KT Enterprises,a U.S.import-export trading company,is considering its international tax situation.KT's U.S.tax rate is 21%.KT has significant operations in both Japan and Ireland.In Japan the current exchange rate is ¥118.4/$ and earnings in Japan are taxed at 41%.In Ireland the current exchange rate is $1.27/€ and earnings in Ireland are taxed at 12.5%.KT's profits,which are fully and immediately repatriated,and foreign taxes paid for the current year are shown here (in millions) :
-After the Japanese taxes are paid,the amount of the earnings before interest and after taxes in dollars from the Japanese operations is closest to:

• A)$20.5 million.
• B)$29.5 million.
• C)$5.1 million.
• D)$50.0 million.

---

Definitions:

Table Style

A predefined set of formatting options that can be applied to a table to enhance its appearance and readability.

Header Row

The top row of a table or spreadsheet that contains titles or headings for columns, helping to identify the type of data each column holds.

Cell Shading

A technique used in graphics and 3D modeling to give objects a flat, yet visually appealing look that mimics hand-drawn art.

Smart Guides

A design tool feature that provides visual guidelines to help align objects, text, or other elements precisely within a layout.