Fleming Corporation, a U Fleming Paid $200,000 Income Tax to CountryA

question 104

Multiple Choice

Fleming Corporation, a U.S. multinational, has pretax U.S. source income and foreign source income as follows. $\begin{array}{lr}\text { U.S. source income } & \$ 1,000,000 \\\text { Foreign source income-Country A } & 500,000 \\\text { Total } & \$ 1,500,000\end{array}$ Fleming paid $200,000 income tax to CountryA. If Fleming takes the foreign tax credit, compute its worldwide tax burden as a percentage of its pretax income.

• A) 34%
• B) 35%
• C) 36%
• D) 44%

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Definitions:

Bidirectional

Able to function or operate in two opposite directions, often used in reference to communication, relationships, or technical systems.

Message Frequency

The rate or number of times a message is communicated or broadcasted over a specific time period.

Multilingual Audience

A group of individuals from diverse linguistic backgrounds, presenting challenges and considerations for communicators.

Understanding

Understanding is the ability to grasp the meaning, significance, or nature of something, which may involve empathy, comprehension, or a deep level of awareness.