GreenCo, a U. S. corporation, earns $25 million of taxable income from U. S. sources and $10 million of taxable income from foreign sources. What amount of taxable income does GreenCo report on its U. S. tax return?

a) $25 million.

b) $35 million.

c) $25 million less any tax paid on the foreign income.

d) $55 million.

B. $35 million

Explanation:

Taxable income is the given amount of money recieved that is used to calculate how much tax an individual or organization owes the government in a given period, say one year. It is the income gotten after deductions are made on gross income earned during a given period.

Thus,

Given that

Taxable income from income source = 25 million

Taxable income from foreign source = 10 million

Total taxable income = 25 million + 10 million

= 35 million

= $35 million

The correct answer is b) $35 million

Explanation: Taxable income refers to an income of an individual or organisation upon which tax is imposed. Taxable income is derived from accounting income after deductions and allowable expenses based on the tax authorities estimate have been adjusted.

The taxable income GreenCo will report on its U.S. tax return is a combination of taxable income both local and foreign i.e. $35 million ($25 million + $10 million).

the answer is true.  i do believe this is the answer because of the amount of wrecks people get into each year.  if you double this with avoiding those so said wrecks, that would make you a "skilled" driver.