BrazilCo, Inc., a foreign corporation with a U.S. trade or business, has U.S.-source income as follows.
Determine BrazilCo's total U.S. tax liability for the year, assuming a 35% corporate rate and no tax treaty. BrazilCo leaves its U.S. branch profits invested in the United States, and it does not otherwise repatriate any of its U.S. assets during the year.

Question

BrazilCo, Inc., a foreign corporation with a U.S. trade or business, has U.S.-source income as follows.  
Determine BrazilCo's total U.S. tax liability for the year, assuming a 35% corporate rate and no tax treaty. BrazilCo leaves its U.S. branch profits invested in the United States, and it does not otherwise repatriate any of its U.S. assets during the year.

Quizplus · Accepted Answer

The Answer of BrazilCo, Inc., a foreign corporation with a U.S. trade or business, has U.S.-source income as follows.  
Determine BrazilCo's total U.S. tax liability for the year, assuming a 35% corporate rate and no tax treaty. BrazilCo leaves its U.S. branch profits invested in the United States, and it does not otherwise repatriate any of its U.S. assets during the year.