Use the Information for the Question(s)below

question 15

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) :
-After the Irish taxes are paid,the amount of the earnings before interest and after taxes in dollars from the Ireland operations is closest to:

• A)$5.1 million.
• B)$20.5 million.
• C)$35.6 million.
• D)$29.5 million.

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Definitions:

Priming Pheromones

Chemical signals released by organisms to trigger a long-term behavioral or developmental response in other members of the same species.

Chemical Signals

Molecules released by organisms that influence the behavior or physiology of other organisms.

Long-Term Responses

Adaptations or reactions of an organism or system that occur or are implemented over an extended period.

Altruism

Behavior that benefits others at the expense of the individual performing it.