Use the Information to Answer the Following Question(s)

question 48

Multiple Choice

Use the information to answer the following question(s) .
Green Valley Exporters USA has $100,000 of before tax foreign income. The host country has a corporate income tax rate of 25% and the U.S. has a corporate income tax rate of 35%.
-Refer to Instruction 15.1.If the U.S.treated the taxes paid on income earned in the host country as a tax-credit,then Green Valley's total U.S.corporate tax on the foreign earnings would be:

• A) $51,250.
• B) $35,000.
• C) $26,250.
• D) $10,000.

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Definitions:

Economic Outlook

An analysis or prediction about the future state of the economy or economic markets, often influencing business and investment decisions.

Behavioral Economics

A field of economics that studies the effects of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions.

Relevant Information

Data or facts that are pertinent and useful for decision-making, particularly in the context of solving specific problems or achieving objectives.

Responsible Business Conduct

Ethical and socially aware business practices that take into account their impact on the environment, consumers, employees, communities, and stakeholders.