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Britta, Inc

Question 26

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Britta, Inc., a U.S. corporation, reports foreign-source income and pays foreign taxes as follows.
Britta, Inc., a U.S. corporation, reports foreign-source income and pays foreign taxes as follows. Britta's worldwide taxable income is $1,600,000 and U.S. taxes before FTC are $336,000 (assume a 21% tax rate). What is Britta's U.S. tax liability after the FTC?
Britta's worldwide taxable income is $1,600,000 and U.S. taxes before FTC are $336,000 (assume a 21% tax rate). What is Britta's U.S. tax liability after the FTC?

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