Presumpscot, Inc., a U.S. company, has a branch located in Singapore and another in Ireland. The before-tax income earned by the Singapore branch is $20,000,000 and the before-tax income generated by the Irish branch is $30,000,000. The corporate tax rates in Singapore, Ireland, and the United States are 17 percent, 12.5 percent, and 21 percent, respectively.

Required:

Determine Presumpscots (a) U.S. foreign tax credit and (b) net U.S. tax liability related to these foreign sources of income.