Fannie Corporation, a United States corporation, receiven $150,000 of Foreign-Source Interest Income on which Fareign Taxes of 532,400 are withheld. Fannie Corporation's worldwide Taxable Ineome is $920,000 and its United States Federat Income Tax liability before the Foreign Tax Credit (FTC) is $193,200. What is Fannie Corporation's Foreign Tax Credit? $225,600. s 32,400 . $193,200. s 31,500 . QUESTION 28 Which of the following statements is true concerning the sourcing of Income from Inventory purchased by the taxpayer outside of the Units States and sold in the United States? Because the Inventory is purchased outside the United States, all of the Inventory Income is Foreign source. The taxpayer may use the 50-50 method to source one-half (1/2) the Income based on title passage and one-half ( 1/2) the Income based on v the sale negotiation takes place. If title passes on the Inventory in the United States, all of the Inventory Income is United States source. The taxpayer may use the 5050 method to source one-half (1/2) the Income based on title passage and one-half (1/2) the Income based on of production (manufacturing) assets