If taxable income generated in Canada by Home Depot (HD) is USD 10,000 (assuming universal...
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Accounting
If taxable income generated in Canada by Home Depot (HD) is USD 10,000 (assuming universal currency is USD) with Canadian tax rate = 40%, (and withholding tax rate = 8%) and US tax rate = 30%, the excess tax credit generated by HD in the US will be
Question 16 options:
44.8%
34.2%
zero
14.8%
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