The Subsidiary of a U

question 27

Multiple Choice

The subsidiary of a U.S. corporation located in Country Y generated income of $1,000,000 on which it paid $400,000 (40%) in taxes to Country Y. The subsidiary paid a dividend to the U.S. parent of $54,000. How much tax is currently owed to the U.S. government if the federal tax rate is 35%?

• A) $18,900
• B) $350,000
• C) $140,000
• D) $0

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Definitions:

Social Model

A framework that views disability primarily as a result of societal barriers and attitudes, rather than just the physical or medical condition of the individual.

Physically Unusual

Describing entities or individuals that deviate from what is typically expected or considered normal in physical form or characteristics.

Racial Terminology

The language and terms used to identify and describe individuals or groups based on their race or ethnicity, often reflecting social attitudes and biases.

Discriminated

Treated differently or unjustly on the basis of characteristics such as race, age, gender, or disability.