Use the Following Information to Answer the Question(s)below

question 22

Multiple Choice

Use the following information to answer the question(s) below.
Incorporated Tool,a U.S.firm,is considering its international tax situation.The corporate tax rate in the United States is currently 21%.Incorporated Tool has major operations in Ireland,where the tax rate is 12.5%,Japan where the tax rate is 40.7%,and Mexico,where the tax rate is 30.0%.Incorporated Tool's profits,which are fully and immediately repatriated,and foreign taxes paid for the current year are as follows:
-Assuming that the Japanese and Mexican subsidiaries did not exist,the U.S.tax liability on the Irish subsidiary would be closest to:

• A)$34 million.
• B)$103 million.
• C)$106 million.
• D)$156 million.

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Definitions:

Genetic

Relating to genes or heredity, the study of how traits are passed from parents to offspring through DNA.

Unconscious Processes

Mental processes that occur without conscious awareness, influencing thoughts, feelings, and behaviors.

Belongingness Need

A fundamental human motivation to be an accepted member of a group, whether it's friends, family, or within a larger community.

Ventromedial Nucleus

A region of the hypothalamus involved in regulating hunger and satiety, playing a crucial role in energy homeostasis and metabolism.