Brian and Clara paid $4,350 in foreign income taxes to Mexico. Their total income was $105,000, which included $16,000 of foreign income. Their U.S. tax liability is $22,750. How much can Brian and Clara claim as foreign tax credit?
A. $16,000.
B. $4,350.
C. $0.
D. $3,467.
Answer: D
You might also like to view...
Geneva is one of the best recruiters at Acme Global. What makes Geneva so successful is her ability to hear the words recruits are saying as well as understand the context of the conversations. Geneva is good at ______.
A. realistic job previews B. active listening C. selection D. appraisal
The contribution margin per unit expressed as a percentage of the product's selling price is the:
A. Contribution margin ratio. B. Rate of return on sales. C. Margin of safety. D. Volume variance. E. Break-even point.
Based on various Supreme Court rulings, provisions in the Bill of Rights fundamental to the "American scheme of justice" are applicable to the States via the __________ Amendment
a. Tenth b. Eleventh c. Thirteenth d. Fourteenth
When online analytical processing (OLAP) studies last year's sales, this represents:
A) predictive analytics. B) descriptive analytics. C) prescriptive analytics. D) comparative analytics.