Question: Exercise 9 - 1 6 ( Algorithmic ) ( LO . 5 ) Rogers Co . , a U . S . multinational corporation, owns

Exercise 9-16(Algorithmic)(LO.5)
Rogers Co., a U.S. multinational corporation, owns 100% of Orange Co., a CFC. Orange Co. has net tested income of $222,000, qualified business asset investments of $455,000, and no specified business interest expense.
a. What is Rogers Co.'s GILTI for the year?
$
b. By how much do Orange Co.'s operations impact Rogers Co.'s U.S. taxable income?
Exercise 9 - 1 6 ( Algorithmic ) ( LO . 5 )

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