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Mega,Inc,A U

Question 17

Multiple Choice

Mega,Inc.,a U.S.multinational,has pretax U.S.source income and foreign source income as follows: Mega,Inc.,a U.S.multinational,has pretax U.S.source income and foreign source income as follows: Mega paid $15,000 income tax to Country M.Mega has a $25,000 foreign tax credit carryforward.What is Mega's U.S.tax liability if it takes the foreign tax credit? A) $16,800 B) $136,600 C) $176,600 D) $159,600 Mega paid $15,000 income tax to Country M.Mega has a $25,000 foreign tax credit carryforward.What is Mega's U.S.tax liability if it takes the foreign tax credit?


A) $16,800
B) $136,600
C) $176,600
D) $159,600

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