Carlotta,Inc

question 28

Multiple Choice

Carlotta,Inc. ,has $50,000 foreign-source income and $150,000 worldwide income.Its U.S.tax on its worldwide income is $42,000,and it paid foreign taxes of $16,000.What is the corporation's foreign tax credit?

• A)$2,000
• B)$14,000
• C)$16,000
• D)$42,000

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Definitions:

Feminization of Poverty

The feminization of poverty is the phenomenon where women experience poverty at rates that are disproportionately high compared to men, often due to wage gaps, single motherhood, and lack of access to welfare benefits.

Diana Pearce

An American sociologist known for her work on poverty, homelessness, and gender issues, including the concept of the feminization of poverty.

Female Heads

Refers to women who are the main or sole leaders of a family or organization.

Women's Poverty

The state of being extremely poor, which disproportionately affects women due to various socio-economic factors.