1)Assume a taxpayer has $100,000 of taxable income before exemptions of which $30,000 is net taxable income from a foreign source. The taxpayer paid $7,500 in tax to the foreign country and, before any applicable foreign tax credit, has a U.S. tax liability of $17,500. What foreign tax credit is available? 2)Assume instead that the taxpayer owes $4,500 to the foreign country and, before any applicable foreign tax credit, has a U.S. tax liability of $20,000. What foreign tax credit is available?