Compute watchs us income tax, Microeconomics

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Compute watchs us income tax

Problem

Watch Corporation has U.S. source income for the current year of $2 million, foreign source income from Country X of $3 million, and foreign source income from Country Y of $1 million, for total taxable income of $6 million. Watch paid $900,000 of income tax to Country X and $480,000 of income tax to Country Y. Compute Watch's US. Income tax?

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Microeconomics: Compute watchs us income tax

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