Use the Following Information to Answer the Question(s)below

question 4

Multiple Choice

Use the following information to answer the question(s) below.
Incorporated Tool,a U.S.firm,is considering its international tax situation.The corporate tax rate in the United States is currently 21%.Incorporated Tool has major operations in Ireland,where the tax rate is 12.5%,Japan where the tax rate is 40.7%,and Mexico,where the tax rate is 30.0%.Incorporated Tool's profits,which are fully and immediately repatriated,and foreign taxes paid for the current year are as follows:
-Assuming that the Irish and Mexican subsidiaries did not exist,the U.S.tax liability on the Japanese subsidiary would be closest to:

• A)$0.
• B)$81 million.
• C)$103 million.
• D)$106 million.

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Definitions:

Set Interface

An interface in Java representing a collection that cannot contain duplicate elements.

Concrete Class

A class in Java or other object-oriented programming languages that has an implementation and can be instantiated.

HashSet< T >

HashSet<T> in Java is a collection that stores unique elements only, providing efficient operations like add, remove, and check for the presence of elements.

Primitive Type

In programming, a primitive type is a basic data type provided by a programming language as a basic building block.