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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) :
-After the Japanese taxes are paid,the amount of the earnings before interest and after taxes in dollars from the Japanese operations is closest to:
Wind Turbines
Mechanical devices that convert wind energy into electrical energy.
Solar Power
Energy from the sun that is converted into thermal or electrical energy, considered a renewable and clean source of power.
Alternative-Energy Companies
Businesses that specialize in producing and providing energy sources other than fossil fuels, such as solar, wind, or geothermal energy.
Government Subsidies
Financial support provided by the government to individuals, businesses, or industries to encourage certain activities or reduce their costs.
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