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Many Mountains,Inc

Question 65

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Many Mountains,Inc.is a U.S.multinational corporation.This year,it had the following income.Corporate tax rate schedule. Many Mountains,Inc.is a U.S.multinational corporation.This year,it had the following income.Corporate tax rate schedule. Many Mountains paid $15,000 income tax to Country X and $28,500 income tax to Country Y.Compute Many Mountains' allowable foreign tax credit. A) $57,800 B) $49,550 C) $43,500 D) $49,650 Many Mountains,Inc.is a U.S.multinational corporation.This year,it had the following income.Corporate tax rate schedule. Many Mountains paid $15,000 income tax to Country X and $28,500 income tax to Country Y.Compute Many Mountains' allowable foreign tax credit. A) $57,800 B) $49,550 C) $43,500 D) $49,650 Many Mountains paid $15,000 income tax to Country X and $28,500 income tax to Country Y.Compute Many Mountains' allowable foreign tax credit.


A) $57,800
B) $49,550
C) $43,500
D) $49,650

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