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Business, 15.04.2020 23:19 herchellann302

Jenna paid foreign income tax of $1,326 on foreign income of $8,112. Her worldwide taxable income was $91,400, and her U. S. tax liability was $23,000. What is the amount of foreign tax credit (FTC) allowed? What would be the allowed FTC if Jenna had paid foreign income tax of $2,400 instead? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.)

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Jenna paid foreign income tax of $1,326 on foreign income of $8,112. Her worldwide taxable income wa...
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