Australian Management Pty Ltd is a resident company which, during the current income year, derives the following income and is liable for the following tax: Source Country Net income after expenses and tax $ Germany 100,000 Hong Kong 50,000 Australia 200,000 Type of income $ 55,000 Trading income 7,500 Trading income 123,750 Trading income Q21 I Calculate the foreign income tax offset the company would be entitled to. (10 marks)