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ints eBook eferences Jenna paid foreign income tax of $3,783 on foreign income of $18,914. Her worldwide taxable income
Posted: Sun May 29, 2022 8:59 pm
by answerhappygod
- Ints Ebook Eferences Jenna Paid Foreign Income Tax Of 3 783 On Foreign Income Of 18 914 Her Worldwide Taxable Income 1 (27.98 KiB) Viewed 13 times
ints eBook eferences Jenna paid foreign income tax of $3,783 on foreign income of $18,914. Her worldwide taxable income was $137,600, and her U.S. tax liability was $34,000. Required: a. What is the amount of the foreign tax credit (FTC) allowed? b. What would be the allowed FTC if Jenna had paid foreign income tax of $7,900 instead? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Amounts a. Foreign tax credit allowed b. Foreign tax credit allowed