00:01
So the question says we are to compute don's us tax liability after any available ftcs.
00:08
So international transaction, it is a transaction that takes place between two nations and often involves two currencies.
00:19
Sometimes it may involve three currencies if the common currency used by both nations is the us dollars.
00:28
Now done is operating so creating in b and us so the business is taxable income so taxable income is equal to taxable income is 500 thousand dollars including including 50 ,000 dollars including $50 ,000 from b units and $20 ,000 from fund.
01:42
B units and $20 ,000 from fonda.
01:53
Okay, so that unit that done paid b taxes amounting to $25 ,000.
02:05
And to that taxes were paid amounting to $3 ,000.
02:09
The u .s.
02:10
Tax liability is computed below assuming u .s.
02:15
Tax rate is 21%.
02:18
So let's go through that...