Question: 4. X Corp. is located in State A and also has income from its business in State B. Residence State A tax rate is 25%.

4. X Corp. is located in State A and also has income from its business in State B. Residence State A tax rate is 25%. Source State B tax rate is 30%. X Corp. has income of 30,000 USD in State A, and 18.000 USD in State B.

Required: Taking into account above information and using the ordinary tax credit method, calculate the corporate income tax paid in residence State A by X Corp. (10 points)

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