In 2012, US Co, a US corporation, earned $1000 of US source income and $1000 of foreign source income.  US Co paid $200 of foreign tax on the foreign source income.

In 2013, US Co earned $1000 of US source income and $3000 of foreign source income.  US Co paid $1500 of foreign tax on the foreign source income.

In 2014, US Co earned $2000 of US source income and $2000 of foreign source income.  US Co paid $400 of foreign tax on the foreign source income.  Assume the US tax rate is 35%.

 

How much foreign tax credit will US Co be able to take in 2012, 2013 and 2014?

What is US Co's post-credit US tax liability in 2012, 2013 and 2014?