13) Drawing on the 3 U.S. methods of treatment of foreign corporate income tax, calculate the net income after tax Income: $175 Foreign tax at 39% U.S. tax at 40% Credit Deduction Double Taxation Income earned by the foreign corporation Calculate net income after tax 13) Drawing on the 3 U.S. methods of treatment of foreign corporate income tax, calculate the net income after tax Income: $175 Foreign tax at 39% U.S. tax at 40% Credit Deduction Double Taxation Income earned by the foreign corporation Calculate net income after tax