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Barkley Inc, a U.S. parent, operates an unincorporated branch in Russia. On its U.S. tax return, Barkley Inc. reports $900,000 of taxable income from Russian

Barkley Inc, a U.S. parent, operates an unincorporated branch in Russia. On its U.S. tax return, Barkley Inc. reports $900,000 of taxable income from Russian branch and $2 million of taxable income from its U.S. operations. Barkley Inc. paid $100,000 of Russian taxes related to its branch operation in Russia. Calculate Barkley Inc.s U.S. tax liability assuming 21% flat tax rate and taking foreign tax credit benefit under Section 901. Please show calculations.

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