Question 44 of 44 6 Points Click to see additional instructions USAco, a domestic corporation, manufactures tennis rackets for sale in the United States and abroad. USAco owns 100% of the stock of FORco, a foreign sales subsidiary that was organized in 2020. During 2020, FORco had $15 million of foreign base company sales income, paid $1.5 million in foreign income taxes (therefore, undistributed earnings of $13.5 million), and distributed no dividends. During 2021, FORco had no earnings and profits, paid no foreign income taxes, and distributed a $13.5 million cash dividend. Assuming the U.S. corporate tax rate is 21%, what are the following U.S. tax consequences of FORco's 2020 and 2021 activities? The 2020 "pre-credit US tax" is The 2020 foreign tax credit allowed is The 2021 US taxable income from the cash dividend is Question 44 of 44 6 Points Click to see additional instructions USAco, a domestic corporation, manufactures tennis rackets for sale in the United States and abroad. USAco owns 100% of the stock of FORco, a foreign sales subsidiary that was organized in 2020. During 2020, FORco had $15 million of foreign base company sales income, paid $1.5 million in foreign income taxes (therefore, undistributed earnings of $13.5 million), and distributed no dividends. During 2021, FORco had no earnings and profits, paid no foreign income taxes, and distributed a $13.5 million cash dividend. Assuming the U.S. corporate tax rate is 21%, what are the following U.S. tax consequences of FORco's 2020 and 2021 activities? The 2020 "pre-credit US tax" is The 2020 foreign tax credit allowed is The 2021 US taxable income from the cash dividend is