Hickman,Inc

question 119

Multiple Choice

Hickman,Inc.,a U.S.corporation,operates an unincorporated branch manufacturing operation in the United Kingdom.Hickman,Inc.,reports $900,000 of taxable income from the U.K.branch on its U.S.tax return along with $1,300,000 of taxable income from its U.S.operations.Hickman paid $270,000 in U.K.income taxes related to the $900,000 in branch income. Assuming a U.S.tax rate of 35%,what is Hickman's U.S.tax liability after any allowable foreign tax credits?

• A)$0.
• B)$455,000.
• C)$500,000.
• D)$770,000.
• E)None of the above.

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Experimenter Attributes

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Independent Variable

The variable in an experiment that is manipulated or changed by the researcher to study its effect on the dependent variable.

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