Question: 32) Fleming Corporation, a U.S. multinational, has pretax U.S. source income and foreign 32) source income as follows. U.S. source income Foreign source income- Country
32) Fleming Corporation, a U.S. multinational, has pretax U.S. source income and foreign 32) source income as follows. U.S. source income Foreign source income- Country A Total S 1,000,000 500,000 S 1,500,000 Fleming paid $200,000 income tax to Country A. If Fleming takes the foreign tax credit, compute its worldwide tax burden as a percentage of its pretax income. D)17.33% B) 21% C) 34.33% A) 3590
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