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:

Self-Esteem

An individual's subjective evaluation of their own worth, including feelings of confidence, respect, and value.

Scaffolding

An educational approach involving more skilled others providing temporary support to help learners achieve higher levels of comprehension or skill than they would independently.

Vygotsky

Lev Vygotsky was a Soviet psychologist who developed a sociocultural approach to cognitive development.

Self-Fulfilling Prophecy

A belief or expectation that influences one’s actions in a way that causes the belief to become a reality, thereby confirming itself.