Use the Following Information to Answer the Question(s)below

question 13

Multiple Choice

Use the following information to answer the question(s) below.
Incorporated Tool,a U.S.firm,is considering its international tax situation.The corporate tax rate in the U.S.is currently 39%.Incorporated Tool has major operations in Ireland,where the tax rate is 12.5%,Japan where the tax rate is 40.7%,and Mexico,where the tax rate is 30.0%.Incorporated Tool's profits,which are fully and immediately repatriated,and foreign taxes paid for the current year are as follows:
-Assuming that the Japanese and Mexican subsidiaries did not exist,the U.S.tax liability on the Irish subsidiary would be closest to:

• A)$81 million
• B)$103 million
• C)$106 million
• D)$156 million

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Definitions:

Beta Amyloid

A protein fragment snipped from an amyloid precursor protein (APP) that, in excessive amounts, can form plaques in the brain, a hallmark of Alzheimer's disease.

Synapse Transmission

The process by which nerve impulses are transmitted across a synapse from one neuron to another or to a muscle or gland cell.

Neuron

A specialized cell transmitting nerve impulses; a nerve cell.

Impulse

A sudden urge or desire to act or a brief electrical charge that travels through the nerves.