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Dark,Inc.,a U.S.corporation,operates Dunkel,an unincorporated branch manufacturing operation in Germany.Dark reports $100,000 of taxable income from Dunkel on its U.S.tax return,along with $400,000 of taxable income from its U.S.operations.Dark paid $40,000 in German income taxes related to the $100,000 of Dunkel income.Assuming a U.S.tax rate of 35%,what is Dark's U.S.tax liability after any allowable foreign tax credits?
Race Ethnicity
Socially defined categories based on physical or genetic traits, ancestry, and cultural affiliation, influencing individual identity and experiences.
Native American
A member of any of the indigenous peoples of the Americas, particularly those living within the United States.
Caucasian Americans
A term often used to describe Americans of European origin or descent, though its accuracy and appropriateness are debated.
African Americans
A term used to describe Americans of African descent with ancestry in North America, often associated with a shared history and cultural experience.
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