Harry Mining, a U

question 28

Multiple Choice

Harry Mining, a U.S.-based MNC has a foreign subsidiary that earns $1,050,000 before local taxes, with all the after tax funds to be available to the parent in the form of dividends. The foreign income tax rate is 30 percent, the foreign dividend withholding tax rate is 15 percent, and the firm's U.S. tax rate is 35 percent. What are the funds available to the parent MNC if no tax credits are allowed?

• A) $624,752
• B) $425,250
• C) $406,088
• D) $735,000

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Definitions:

Homosexual Identities

Aspects of an individual's self-concept based on their sexual attraction to persons of the same gender, encompassing personal, social, and cultural dimensions.

John D'Emilio

an influential American historian and activist whose work is notable for its contributions to the fields of gay and lesbian studies, LGBT history, and the study of sexuality.

Social Changes

Transformations or modifications in the structure, relationships, or values of a society that occur over time.

Sexual Double Standard

The societal norm that encourages or excuses certain sexual behaviors in one gender but condemns or restricts them in another.