World Sales,Inc.,a U.S.multinational,had pretax U.S.source income and foreign source income as follows.Corporate tax rate schedule.
World Sales paid $50,000 income taxes to Country O.What is World Sale's U.S.tax liability if it deducts the foreign taxes paid?
A) $213,000
B) $204,000
C) $221,000
D) $238,000
Correct Answer:
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