Problem 7-21 (Algorithmic) Foreign Tax Credit (LO 7.6) Martha and Lew are married taxpayers with $2,200 of foreign tax withholding from dividends in a mutual fund. They have enough foreign income from the mutual fund to claim the full $2,200 as a foreign tax credit. Their tax bracket is 15 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. The foreign tax deduction will result in a s taxpayers should claim the foreign tax credit. tax benefit where as claiming the foreign tax credit yields a s tax benefit. Therefore, the