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BendCo,Inc

Question 124

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BendCo,Inc. ,a U.S.corporation,has foreign-source income and pays foreign taxes as follows.
BendCo,Inc. ,a U.S.corporation,has foreign-source income and pays foreign taxes as follows. BendCo's worldwide taxable income is $1,600,000 and U.S.taxes before FTC are $560,000 (assume 35%).What is BendCo's U.S.tax liability after the FTC? BendCo's worldwide taxable income is $1,600,000 and U.S.taxes before FTC are $560,000 (assume 35%).What is BendCo's U.S.tax liability after the FTC?

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