Bonjour Corp

question 79

Essay

Bonjour Corp.is a U.S.-based corporation with operations in France.The operations in France generated $200,000 of taxable income whereas worldwide operations generated total taxable income of $2,000,000.Its U.S.tax liability before credits is $680,000.Determine the allowable foreign tax credit assuming taxes paid to France as follows:
a.$40,000.
b.$80,000.

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Definitions:

Secondary Reinforcement

A form of reinforcement where a stimulus gains its reinforcing power through its association with a primary reinforcer.

Delayed Reinforcement

A tactic in which a reward or punishment is given after a time delay, following the behavior it is meant to encourage or discourage.

Spontaneous Recovery

The reappearance of a previously extinguished response after a pause.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which affects the likelihood of that behavior being repeated.