W Corporation is planning to file the most recent years tax return. The company operates...
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Accounting
W Corporation is planning to file the most recent years tax return. The company operates in Africa which has a corporate tax rate of 18%. Ws foreign income is $300,000 which is taxable in the U.S at 21%.
What is the net U.S tax liability?
Assume that the Africa's tax rate was instead 29%, how would the net U.S tax liability change? Explain your numerical answer.
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