Many Mountains, Incorporated is a U.S. multinational corporation. This year, it had the following income. U.S. source income Foreign source income: Country X Country Y Total Multiple Choice O Many Mountains paid $15,000 income tax to Country X and $28,500 income tax to Country Y. Assume Many Mountains' foreign source income does not qualify as foreign- derived intangible income. Compute Many Mountains' allowable foreign tax credit. $15,000 $18,500 $33,500 $ 65,000 105,000 $35,700 $ 580,000 170,000 $750,000

Many Mountains, Incorporated is a US. multinational corporation. This year, thad the following income: Many Mountains paid $15,000 income tax to Country X and $28,500 income tax to Country Y, Assume Many Mountains' foreign source income does not quaiff as foreignderlved intangible income. Compute Many Mountains' allowable foreign tax credit Muatio choke 515000 sin500 533.500 535700