Use the Information for the Question(s)below

question 28

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) :
-The amount of the taxes paid in dollars for the Japanese operations is closest to:

• A)$29.5 million.
• B)$5.1 million.
• C)$50.0 million.
• D)$20.5 million.

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Definitions:

Ego-resilient

Describes individuals with high adaptability to stress and changes, maintaining a positive self-concept.

Intimate Relationships

concern close personal associations that involve emotional connection and physical or sexual intimacy.

Increased Standard

Refers to the raising of expectations or benchmarks, typically aimed at achieving higher quality or improved performance.

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires, playing a critical role in psychological development.