In a recent survey in a Statistics class, it was determined that only 60% of the students attend class on Fridays. From past data it was noted that 98% of those who went to class on Fridays pass the course, while only 20% of those who did not go to class on Fridays passed the course.
a.What percentage of students is expected to pass the course?b.Given that a person passes the course, what is the probability that he/she attended classes on Fridays?
What will be an ideal response?
| a. | 66.8% |
| b. | 0.88 |
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Polka Corporation is a 100 percent owned Polish subsidiary of Pierogi Inc., a U.S. corporation. During the current year, Polka paid a dividend of €525,000 to Pierogi. The dividend was subject to a withholding tax of €26,250. Assume an exchange rate of €1 = $1.50. Pierogi reported U.S. taxable income of $1,000,000. Compute Pierogi's net U.S. tax liability for the current year and excess FTC, if any.
What will be an ideal response?
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