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Problem 6-22 (Algorithmic) Foreign Tax Credit (LO 6.6) Martha and Lew are married taxpayers with $2,800 of foreign tax withholding from dividends in a mutual

Problem 6-22 (Algorithmic) Foreign Tax Credit (LO 6.6) Martha and Lew are married taxpayers with $2,800 of foreign tax withholding from dividends in a mutual fund. They have enough foreign income from the mutual fund to claim the full $2,800 as a foreign tax credit. Their tax bracket is 35 percent and they itemize deductions. Should they claim the foreign tax credit or a deduction for foreign taxes on their Schedule A? If required, round your answer to the nearest dollar.

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