Elmo Inc. is a U.S. corporation with a branch office in foreign country Z. During the current year, Elmo had $435,000 of U.S. source income and $58,500 of foreign source income from Z, on which Elmo paid $27,300 of country Z income tax. a. Calculate Elmo's US. tax liability before foreign tax credit, maximum foreign tax credit allowable, and net U.S. tax liability after foreign tax credit. b. If Elmo had paid only $9,555 of country Z income tax, calculate Elmo's foreign tax credit allowable and net U.S. tax liability after foreign tax credit. Complete this question by entering your answers in the tabs below Happy Mother's Day 2019! Required A Required B credit allowable, and net U.S. tax liability Calculate Elmo's U.S. tax liability before foreign tax credit, maximum foreign tax d foreign tax credit. (Do not round any intermediate division.) es U.S. tax liability before foreign tax credit Maximum Net U.S. tax liability after foreign tax credit Required B 2T Elmo Inc. is a U.S. corporation with a branch office in foreign country Z. During the current year, Elmo had $435,000 of U.S. source income and $58,500 of foreign source income from Z, on which Elmo paid $27,300 of country Z income tax. a. Calculate Elmo's U.S. tax liability before foreign tax credit, maximum foreign tax credit allowable, and net U.S. tax liability after foreign tax credit. oints b. If Elmo had paid only $9,555 of country Z income tax, calculate Elmo's foreign tax credit allowable and net U.S. tax liability after 04:4447foreign tax credit Complete this question by entering your answers in the tabs below Happy Mother's Day 2019! 5 of country Z income tax, calculate Elmo's foreign tax credit allowable and net U.S. tax liability after foreign tax credit. tax credit allowable Net U.S. tax liability after foreign tax credit KRequired A