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. Assume 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. Assume 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. Assume 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.