Question: AC237 Question 16 (2 points) Saved Mega, Inc., a U.S. multinational, paid foreign taxes and had the following FTC limits in the respective years. 2019

AC237

Question 16 (2 points) Saved Mega, Inc., a U.S. multinational, paid foreign taxes and had the following FTC limits in the respective years. 2019 2020 2021 Foreign Taxes Paid 172,000.00 156,000.00 173,000.00 FTC Limit 137,000.00 181,000.00 115,000.00 Calculate the reduction in 2020 and 2021 created by the carry-forward of 2019 excess foreign taxes. O $58,000 $25,000 O There is no reduction $35,000

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