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TABLE 15.1 Use the Information to Answer Following Question(s)

question 9

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TABLE 15.1
Use the information to answer following question(s) .
BayArea Designs Inc., located in Northern California, has two international subsidiaries, one located in the Ukraine, the other in Korea. Consider the information below to answer the next several questions.
TABLE 15.1 Use the information to answer following question(s) . BayArea Designs Inc., located in Northern California, has two international subsidiaries, one located in the Ukraine, the other in Korea. Consider the information below to answer the next several questions.    -Refer to Table 15.1. If BayArea pays out 50% of its earnings from each subsidiary, what are the additional U.S. taxes due on the foreign sourced income from the Ukraine and Korea respectively? A)  Ukraine = $0; Korea = ($30,000)  B)  Ukraine = $100,000; Korea = $0 C)  Ukraine = $0; Korea = $66,250 D)  none of the above
-Refer to Table 15.1. If BayArea pays out 50% of its earnings from each subsidiary, what are the additional U.S. taxes due on the foreign sourced income from the Ukraine and Korea respectively?


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