Solution-How much of a foreign tax credit will Jeff get

How much of a foreign tax credit will Jeff get

Reference no: EM132954734

Question - Jeff's Bijoux is a U.S. corporation with income from jewelry shops in the U.S. and in France. He had $400,000 of income from his French operations which both France and the U.S. seek to tax. France has a flat 30% tax on the net French sourced income of U.S. corporations. How much of a foreign tax credit will Jeff's get on his U.S. return, where corporate income is taxed at 21%?

Reference no: EM132954734

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How much of a foreign tax credit will Jeff get : Jeff's Bijoux is a U.S. corporation with income from jewelry shops in the U.S. and in France. How much of a foreign tax credit will Jeff get

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How much of a foreign tax credit will Jeff get

Reference no: EM132954734

Reference no: EM132954734

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