If FC, a calendar year foreign company doing business in the US, has a 2021 net operating loss carryover of $2,000,000, 2022 net income/effectively connected earnings and profits ("ECEP") of $1,200,000 and FC's US net equity was $5,000,000 at the close of both 12/31/21 and 12/31/22, FC's 2022 combined regular C corporation income tax and branch profits tax will be:

$612,000

$0

$360,000

252,000