N, Inc., owns 25 percent of a German corporation whose taxable income is $200,000 and that pays German income taxes at a rate of 20 percent.The German corporation pays a cash dividend of 75 percent of the after-tax income and Germany has a withholding tax of 10 percent.N, Inc., has grossed-up foreign source income of

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The Answer of N, Inc., owns 25 percent of a German corporation whose taxable income is $200,000 and that pays German income taxes at a rate of 20 percent.The German corporation pays a cash dividend of 75 percent of the after-tax income and Germany has a withholding tax of 10 percent.N, Inc., has grossed-up foreign source income of

N, Inc, Owns 25 Percent of a German Corporation Whose Taxable