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Business, 28.01.2021 22:30 Chrissyx5215

The subsidiary of a U. S. corporation located in Country Y generated income of $1,000,000 on which it paid $400,000 (40%) in taxes to Country Y. The subsidiary paid a dividend to the U. S. parent of $54,000. How much tax is currently owed to the U. S. government if the federal tax rate is 35%

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