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Chapeau Company, a U . S . corporation, operates through a branch in Champagnia. The source rules used by Champagnia are identical to those used

Chapeau Company, a U.S. corporation, operates through a branch in Champagnia. The source rules used by Champagnia are identical to those used by the United States. For 2020, Chapeau has $12,000 of gross income: $7,200 from U.S. sources and $4,800 from sources within Champagnia. The $7,200 of U.S. source income and $4,200 of the foreign source income are attributable to manufacturing activities in Champagnia (foreign branch income). The remaining $600 of foreign source income is passive category interest income. Chapeau had $3,000 of expenses other than taxes, all of which are allocated directly to manufacturing income ($1,200 of which is apportioned to foreign sources). Chapeau paid $550 of income taxes to Champagnia on its manufacturing income. The interest income was subject to a 10 percent withholding tax of $60.
Compute Chapeaus total allowable foreign tax credit in 2020.(Do not round any division. Round other intermediate computations to the nearest whole dollar amount.)

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