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Arin and Bo Have $74,000 Total Taxable Income,which Includes $13,500

Question 40

Multiple Choice

Arin and Bo have $74,000 total taxable income,which includes $13,500 of taxable income from France.They paid $1,600 in foreign income taxes,and their U.S.tax liability is $17,610.Arin and Bo's foreign tax credit is:


A) $0.
B) $600.
C) $1,600.
D) $3,213.

Correct Answer:

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