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Author Question: Carlotta, Inc. has $50,000 foreign-source income and $150,000 worldwide income. Its U.S. tax on its ... (Read 60 times)

imanialler

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on: Sep 13, 2020

Question 1

Bud and Stella are married, file a joint return, and have one child, age 3. Their combined AGI is $35,000. Bud and Stella incur $3,500 of child-care expenses during the current year. The child and dependent care credit is
◦ $600.
◦ $700.
◦ $750.
◦ $875.

Question 2

Carlotta, Inc. has $50,000 foreign-source income and $150,000 worldwide income. Its U.S. tax on its worldwide income is $42,000 and it paid foreign taxes of $16,000. What is the corporation's foreign tax credit?
◦ $2,000
◦ $14,000
◦ $16,000
◦ $42,000
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by imanialler on Sep 13, 2020

Meganchabluk

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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imanialler

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

Missbam101

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Reply 3 on: Yesterday
Excellent

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