Question 15 (14 points) Company ABC located in the U.S. has two branches located in Hongkong and Australia, each of which manufactures goods primarily for export to the U.S. The corporate tax rate in the U.S. is 21%. The amount of income before taxes and the actual tax paid in U.S. Dollar are: Hong Kong Branch Australia Branch Income before 100,000 taxes Local tax rate 12.5% 100,000 23% Determine the amount of foreign tax credit Company ABC will be allowed to take in determining its home country income tax liability. Note: please show the intermediate steps to get all the credits. Do not just provide the final answer.