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

question 4

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 Irish and Mexican subsidiaries did not exist,the U.S.tax liability on the Japanese subsidiary would be closest to:

• A)$0.
• B)$81 million.
• C)$103 million.
• D)$106 million.

---

Definitions:

Simple Cuboidal

A type of epithelial tissue with cube-shaped cells, typically involved in secretion and absorption.

Intercalated Discs

Specialized connections between cardiac muscle cells containing gap junctions and desmosomes, facilitating coordinated contraction.

Desmosomes

Cell structures specialized for cell-to-cell adhesion, critical in maintaining the structural integrity of tissues.

Tight Junction

A specialized connection between two adjacent cells forming a barrier that regulates the passage of substances in the intercellular space.