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54. Jenna paid foreign income tax of $1,326 foreign income

Question : 54. Jenna paid foreign income tax of $1,326 foreign income : 2125660

54. 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?

 

 

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