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need both A and B, thank you. Elmo, Incorporated is a U.S. corporation with a branch office in foreign country Z. During the current year,

need both A and B, thank you.
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Elmo, Incorporated 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. Required: a. Caiculate Elmo's U.S. tax liablity 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, tox liability after foreign tax credit. Complete this question by entering your answers in the tabs below. 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. Note: Do not round any intermediate division. Elmo, Incorporated 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. Required: a. Calculate Elmo's U.S, tax liability before foreign tax credit, maximum foreign tax credit allowable, and net U.S, tax liablity after foreign tox 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. 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

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