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Gina Has $39,000 Total Taxable Income,which Includes $6,000 of Taxable

Question 41

Multiple Choice

Gina has $39,000 total taxable income,which includes $6,000 of taxable income from Argentina.She paid $1,200 in foreign income taxes and her U.S.tax liability is $3,610.Gina's foreign tax credit is: (Do not round interim calculations)


A) $0.
B) $450.
C) $555.
D) $1,200.

Correct Answer:

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