Use the Information to Answer the Following Question(s)

question 58

Multiple Choice

Use the information to answer the following question(s) .
Green Valley Exporters USA has $100,000 of before-tax foreign income. The host country has a corporate income tax rate of 25% and the U.S. has a corporate income tax rate of 35%.
-Refer to Instruction 15.2. If the U.S. treated the taxes paid on income earned in the host country as a tax-credit, then Green Valley's total U.S. corporate tax on the foreign earnings would be:

• A) $51,250.
• B) $35,000.
• C) $26,250.
• D) $10,000.

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Definitions:

Decremental

Characterized by a gradual reduction or decrease in size, magnitude, or quality over time.

Internal Locus of Control

The belief that one has control over their own life and outcomes, as opposed to external forces having that control.

Personality Factors

Traits and attributes that constitute an individual's distinct character.

Genetics

The science of inherited traits.