Problem 16-25 (LO. 3) Harold, Inc., a domestic corporation, earned $500,000 from foreign manufacturing activities on which it paid $150,000 of foreign income taxes. Harold's foreign sales income is taxed at a 45% foreign tax rate. Both sales and manufacturing income are assigned to the general limitation basket. Assume a 35% U.S. tax rate. Harold can earn up to $ x in foreign sales income without generating any excess foreign tax credits. Feedback Check My Work The FTC rules require that a separate limitation be calculated for each of certain categories (or baskets) of foreign source taxable income and the foreign taxes attributable to that income