Nico Mining, a U

question 96

Multiple Choice

Nico 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) $624,750
• B) $425,250
• C) $257,250
• D) $735,000

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A situation or condition wherein an individual's autonomy is restricted by laws, norms, or societal constraints in certain areas for various reasons.

Socially Acceptable Behavior

Actions and conduct that are considered appropriate and respectable by societal norms and expectations.

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