Business

Business, 21.11.2019 05:31, KylieAnne

Jovar inc,. a u. s. multinational, began operations this year. jovar had pretax u. s source income and foreign source income as follows.

u. s. source income $600,000
foreign source income $100,000
total $700,000

jovar paid $50,000 income tax to country o. compute jovar's u. s. tax liability if it takes the foreign tax credit. show work.

a. $213,000
b. $221,000
c. $204,000
d. $238,000

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Jovar inc,. a u. s. multinational, began operations this year. jovar had pretax u. s source income a...

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