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Business, 25.12.2020 16:30 kaziyahf2006

a U. S. corporation, receives $500,000 of foreign-source taxable income. Foreign taxes of $270,000 are paid. Peanut’s worldwide taxable income is $900,000, and its U. S. Federal income tax liability before any foreign tax credit (FTC) is $170,000. What is Peanut’s FTC carryforward

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