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BrazilCo,Inc

Question 60

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BrazilCo,Inc. ,a foreign corporation with a U.S.trade or business,has U.S.-source income as follows.
BrazilCo,Inc. ,a foreign corporation with a U.S.trade or business,has U.S.-source income as follows. Determine BrazilCo's total U.S.tax liability for the year assuming a 35% corporate rate and no tax treaty.Assume BrazilCo leaves its U.S.branch profits invested in the United States and does not otherwise repatriate any of its U.S.assets during the year. Determine BrazilCo's total U.S.tax liability for the year assuming a 35% corporate rate and no tax treaty.Assume BrazilCo leaves its U.S.branch profits invested in the United States and does not otherwise repatriate any of its U.S.assets during the year.

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