Global Corporation,a U

question 111

Multiple Choice

Global Corporation,a U.S.multinational,began operations this year.Global had pretax U.S.source income and foreign source income as follows: Global paid $15,000 income tax to Country X.What is Global's U.S.tax liability if it takes the foreign tax credit?

• A)$153,000
• B)$168,000
• C)$147,000
• D)$238,000

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