Use the Information for the Question(s)below

question 32

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 Japanese taxes are paid,the amount of the earnings before interest and after taxes in dollars from the Japanese operations is closest to:

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

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Definitions:

Conditioned Response

Conditioned Response is a learned reaction to a specific stimulus, developed through the process of conditioning, where an originally neutral stimulus becomes associated with a particular response.

Unconditioned Response

an automatic, natural reaction to a stimulus that occurs without prior learning or conditioning.

Distinctiveness

The quality of being unique or different in a manner that makes someone or something stand out from others.

Consensus

A general agreement or unified opinion among a group of people, often achieved through discussion and collaboration.