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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) :
-The amount of the taxes paid in dollars for the Japanese operations is closest to:
Deforestation
The large-scale removal of forest or tree cover, often to make land available for agricultural, urban, or other types of development, leading to ecological imbalances.
Desertification
The process by which fertile land becomes desert typically as a result of drought, deforestation, or inappropriate agriculture.
Road Construction
The process of building or maintaining roads including the design, grading, paving, and lighting.
Vegetation
Plants in general, or a plant community of a specific area, which cover the ground and contribute to the local ecosystem.
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