San Carlos Corporation, a U

question 43

Multiple Choice

San Carlos Corporation, a U.S. multinational, had pretax U.S. source income and foreign source income as follows. San Carlos paid $100,000 income tax to Country W. Calculate San Carlos' tax savings if it takes a foreign tax credit rather than deducting this tax.

• A) $100,000
• B) $66,000
• C) $34,000
• D) $0

---

Definitions:

Double Helix

The structure formed by double-stranded molecules of nucleic acids such as DNA. It is often described as a twisted ladder shape.

Conception

The process in which a sperm fertilizes an egg, leading to the start of a pregnancy.

Union of Ovum and Sperm

The process of fertilization where a sperm cell combines with an ovum (egg) to form a zygote, the first stage in the development of a new organism.

Double Helix

The structure of DNA, characterized by two spiraling strands formed by base pairs bound together and twisted around each other.