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Check my work 7 6 points Jenna paid foreign income tax of $4,176 on foreign income of $20,878. Her worldwide taxable income was $146,000,
Check my work 7 6 points Jenna paid foreign income tax of $4,176 on foreign income of $20,878. Her worldwide taxable income was $146,000, and her U.S. tax liability was $36,000. Required: a. What is the amount of the foreign tax credit (FTC) allowed? b. What would be the allowed FTC if Jenna had paid foreign income tax of $8,900 instead? Skipped eBook Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. a. Foreign tax credit allowed References b. Foreign tax credit allowed Amounts
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