Basu, Incorporated has the following taxable income:

U.S. source income	$ 18,840,000
Foreign source income	2,730,000
Taxable income	$ 21,570,000

Required:

Basu paid $1,044,000 foreign income tax. Compute its U.S. income tax, assuming the foreign source income does not qualify as FDII.

Note: Do not round any intermediate division. Round the rest of the intermediate calculations and final answer to the nearest whole dollar amount.

U.S income tax _______