Problem 13-35 (LO. 4)

Kim, a U.S. citizen and resident, owns and operates a novelty goods business. During 2022, Kim reports taxable income of $115,000: $50,000 from foreign sources and $65,000 from U.S. sources. In calculating taxable income, the standard deduction is used. The income from foreign sources is subject to foreign income taxes of $17,500. For 2022, Kim files a joint return with her spouse.

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a. Assuming that Kim chooses to claim the foreign taxes as an income tax credit, what is her net Federal income tax payable for 2022? $fill in the blank 4bdcd9030fcd03e_1