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Compute Salter incremental US tax liability

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Question - Berger is a controlled foreign corporation with $2 million of subpart F income and $3.5 million of global intangible low-taxed income. Salter, Inc., a U.S. corporation, owns 100% of Berger's stock. Compute Salter's incremental U.S. tax liability (before credits) resulting from its ownership of Berger.

a. $1,155,000

b. $477,500

c. $787,500

d. $0

Reference no: EM132558862

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