Country Type of operation Gross earnings Income tax rate United states Parent 500,000 40% Branch (10,000) 25% Y Distribution 120,000 5% 100%-owned 400,000 45% abc's subsidiary in z declares a 40 percent dividend: z's withholding tax on dividends is 5 percent. both the branch and the distribution facility, which is wholly owned, retain all earnings. the distribution earnings are considered to be foreign-based company sales income. what is abc's final u.s. tax liability?

Investco Ltd., a private corporation, received dividend income from taxable Canadian corporations during its year ended December 31, 2023, as follows. Investco Ltd. owns 50% of the issued shares of Subsidiary. Subsidiary's dividend refund for its year ended December 31, 2023 was $4,500. Portfolio dividends from public corporations $ 50,000 Dividends from Subsidiary 65,000 $115,000 Required: Calculate the Part IV tax payable by Investco Ltd. for its year ended December 31, 2023. (Use 0.3833 when multiplying by 38.33% and round your answers to the nearest whole number. Enter all numbers as positive amounts. If an amount should be zero, enter "O".) Part IV tax on dividends received from public corporations Part IV tax on dividends received from Subsidiary Total Part IV tax 0

Christina Company (a U.S.-based company) has a subsidiary in Canada that began operations at the start of 2020 with assets of 142,000 Canadian dollars (CAD) and liabilities of CAD 74,000. During this initial year of operation, the subsidiary reported a profit of CAD 36,000. It distributed two dividends, each for CAD 6,000 with one dividend declared on March 1 and the other on October 1. Applicable U.S. dollar ($) exchange rates for 1 Canadian dollar follow:       January 1, 2020 (start of business) $0.79 March 1, 2020 0.77 Weighted average rate for 2020 0.76 October 1, 2020 0.75 December 31, 2020 0.74   Compute the net translation adjustment the company will report in accumulated other comprehensive income for the year 2020 under this second set of circumstances.  Assume that the Canadian dollar is this subsidiary’s functional currency. What translation adjustment would the company report for the year 2020?

Hw.10.

Nexus Tech's Earnings and the Fall of the Dollar. Nexus Tech is a U.S.-based multinational manufacturing firm with wholly-owned subsidiaries in Brazil, Germany, and China, in addition to domestic operations in the United States. Nexus Tech is traded on the NASDAQ. Nexus Tech currently has 652,000 shares outstanding. The basic operating characteristics of the various business units is as follows: Nexus Tech must pay corporate income tax in each country in which it currently has operations. a. After deducting taxes in each country, what are Nexus Tech's consolidated earnings and consolidated earnings per share in U.S. dollars? The dollar has experienced significant swings in value against most of the world's currencies in recent years. b. What would be the impact on Nexus Tech's consolidated EPS if all foreign currencies were to appreciate 18% against the U.S. dollar? c. What would be the impact on Nexus Tech's consolidated EPS if all foreign currencies were to depreciate 18% against the…

Australian Tax Law - Specific Deductions ABC Pty Ltd is in the business of manufacturing furniture and has an annual turnover of $200 million.  In this income year, it intends to pay $60 million to acquire a competitor, comprising of the following items: Production equipment: $10 million; Registered design: $20 million; and Goodwill: $30 million. You are required to advise the company of its income tax implications of the above proposed transaction. You are NOT required to compute the amount of capital allowance.