A USCorporation May Be Able to Alleviate the Problem of Excess

Multiple Choice

A U.S.corporation may be able to alleviate the problem of excess foreign taxes by:

A) Repatriating more foreign income to the United States in the year there is an excess limitation.
B) Deducting the excess foreign taxes that do not qualify for the credit.
C) Generating "same basket" foreign-source income that is subject to a tax rate lower than the U.S.tax rate.
D) Generating "same basket" foreign-source income that is subject to a tax rate higher than the U.S.tax rate.