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Mrac [35]
3 years ago
11

How to calculate APS?

Business
1 answer:
anyanavicka [17]3 years ago
5 0
Assuming that you mean the APS referring to college/ high school subjects, it goes as follows: 

There are a total of 8 levels on the APS, starting at 0, 2, 3, 4, 5, 6, 7, and 8 

an 8 is a score of between 90% and 100% 
7 is between 80 and 89% 
6 is between 70 and 79% 
5 is between 60 and 69% 
4 is between 50 and 59%
vice versa... 
and a 0 is between 0 and 29%

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In this question, we are asked to compute the foreign tax income for Zenon Inc assuming the foreign source income does not qualify as FDII

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The income paid by Zenon Inc = Foreign credit Tax limitation * Foreign source income/taxable income

We identify the parameters in the equation as follows;

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Foreign tax limitation = 0.34 * 2,140,000 = $727,600

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