A foreign sales corporation is a device used by U.S.exporters to reduce taxes.To qualify,the goods exported must have _____ percent U.S.content.This results in a tax reduction of _____ percent.
A) 75, 10
B) 50, 15
C) 80, 20
D) 100, 25
E) None of the above

Question

Quizplus · Accepted Answer

If the products have 50 percent U.S.content,then the company is eligible for a reduction in its tax rate of 15 percentage points.

A Foreign Sales Corporation Is a Device Used by U