Question: Blue Co . , a U . S . corporation, owns 1 0 0 % of Red Co . , a controlled foreign corporation. Red

Blue Co., a U.S. corporation, owns 100% of Red Co., a controlled foreign corporation. Red Co. has tested income of $1,000,000, qualified business asset investment of $500,000, and specified interest expense of $10,000. What is Blue Co.'s GILTI?
a. $950,000
b. $500,000
c. $960,000
d. $490,000
Blue Co . , a U . S . corporation, owns 1 0 0 %

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