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Based on the information below, the Federal Foreign Tax Credit is? Corporation ABC, a public company, give you the following Financial Information for this year:

Based on the information below, the Federal Foreign Tax Credit is?

Corporation ABC, a public company, give you the following Financial Information for this year:

USA (America) Investment Net Income before USA tax paid of $2,000 $10,000
Net Income, all earned in Canada $120,000
Canadian Dividends Received this year $20,000
Taxable Income (all earned in Canada) $100,000

$15,000

$1,000

$1,500

$2,000

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