National income taxes in Germany $1,500,000 City of Munich income taxes $ 200,000 Value added tax to German government $ 400,000 Payroll tax to the German government (employer's share of social insurance contributions) $ 300,000 Withholding tax on royalties received from China $ 100,000 Amount paid to Saudi Arabia ("SA"), which SA called a tax, that in reality was actually a royalty payment $ 75,000 Yemen income tax $ 50,000 What amount of creditable foreign taxes does Rainier incur?

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1 Withholding Tax on Royalties from China Rainier paid a withholding tax of 1... View the full answer