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A U.S. corporation is subject to a U.S. income tax rate of 21% and has a branch in Italy, which paid the Italian corporate tax

A U.S. corporation is subject to a U.S. income tax rate of 21% and has a branch in Italy, which paid the Italian corporate tax rate of 18% on its earnings there.The branch generated taxable income in Italy of $4,000,000.How much tax will the corporation pay to the U.S. government related to the income generated in Italy?

A. $840,000

B. $720,000

C. $0

D. $120,000

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