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Business, 10.12.2019 04:31 nathangirnet

Jimenez enterprises is incorporated in arkansas. it generated a $5,000,000 profit on its overseas operations this year. jimenez paid $2,000,000 in income taxes to other countries. jimenez's marginal federal income tax rate is 21%. compute the jimenez enterprises' foreign tax credit and carryovers for the year.

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