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 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 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 does not otherwise repatriate any of its U.S.assets during the year.