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

question 4

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 United States is currently 21%.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 Irish and Mexican subsidiaries did not exist,the U.S.tax liability on the Japanese subsidiary would be closest to:

• A)$0.
• B)$81 million.
• C)$103 million.
• D)$106 million.

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Definitions:

Governor

A governor is an elected official who serves as the head of a state or province in a federal system, wielding executive authority and responsibility over government operations and policies within that jurisdiction.

Conscious Awareness

A state of being where an individual is fully alert and aware of their thoughts, feelings, and environment.

Psychotherapy

A therapeutic intervention centered on talking with a mental health professional to address emotional or psychological issues.

Collective Unconscious

In Jung’s version of psychoanalysis, the proposition that all people share certain unconscious ideas because of the history of the human species.