in Singapore that generated income before tax of 1,000,000 Singaporean dollars (SGD) in the current year. The foreign branch paid income taxes to Singapore at the rate of 17 percent evenly throughout the year and remitted after-tax profits of SGD 200,000 to Hitech on October 1. Singapore does not impose a withholding tax on the repatriation of branch profits. The following exchange rates for the current year apply: 

                                              US$ per SGD

January 1................................. $0.745

Average for the year ............. 0.750

October 1................................0.758

December 31 ..........................0.760

Required: 

Determine the following related to the income earned by Hitech’s branch in Singapore: 

a. The amount of U.S. taxable income in U.S. dollars. 

b. The amount of foreign tax credit allowed in the United States. 

c. The amount of net U.S. tax liability.