Use the Information for the Question(s)below

question 28

Multiple Choice

Use the information for the question(s) below.
KT Enterprises,a U.S.import-export trading company,is considering its international tax situation.KT's U.S.tax rate is 21%.KT has significant operations in both Japan and Ireland.In Japan the current exchange rate is ¥118.4/$ and earnings in Japan are taxed at 41%.In Ireland the current exchange rate is $1.27/€ and earnings in Ireland are taxed at 12.5%.KT's profits,which are fully and immediately repatriated,and foreign taxes paid for the current year are shown here (in millions) :
-The amount of the taxes paid in dollars for the Japanese operations is closest to:

• A)$29.5 million.
• B)$5.1 million.
• C)$50.0 million.
• D)$20.5 million.

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Definitions:

Motor Control

The process by which humans and animals use their brain and muscular system to activate and coordinate the movements of their muscles and limbs.

Amygdala

A part of the brain's limbic system involved in emotion, decision-making, and memory processing.

Emotional Awareness

The ability to recognize and understand one's own emotions and the emotions of others.

Behavior Genetics

The scientific study of how genetics and environment influence differences in behavior among individuals.