Compare the foreign tax payment claimed as a deduction versus a similar payment claimed as a credit. Create an example to demonstrate the tax effect. Use 28% as the marginal tax rate in your example.

What will be an ideal response?






The credit is usually the most advantageous. However, the deduction may be desirable when there is no U.S. tax liability against which to use the credit. In that instance, the deduction would increase the net operating loss claimed as a carryback or carryforward.

Business

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Discuss the three categories of input of input controls

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The international growth of many professional and business services such as accounting, consulting, and advertising led to the globalization of the client companies they served

Indicate whether the statement is true or false

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Which of the following indices measures inflation by examining changes in the prices of typical products purchased by consumers living in urban areas?

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Which of the following is related to the recent use of employee assistance programs in canada

A) They are increasing in use. B) They are decreasing in use. C) They add no costs to the employer. D) They are not geared for dealing with emotional problems.

Business