1. LO.5 Blunt, Inc., a U.S. corporation, earned $600,000 in total taxable income, includ- ing $80,000 in foreign-source taxable income from its German branch's manu- facturing operations and $30,000 in foreign-source taxable income from its Swiss branch's engineering services operations. Blunt paid $20,000 in German income taxes and $1,800 in Swiss income taxes. Compute Blunt's U.S. tax liability after any available FTCs. Blunt's Federal income tax rate is 21%