Raleigh Inc., a domestic corporation, has $600 million of worldwide taxable income. Worldwide income includes $60 million of income from foreign sources. Raleigh Inc. paid $16 million of qualified foreign taxes during the year. Assume the U.S. tax rate is 21 percent (Note: type answer my writing millions as opposed to the zeros, ex. 20 million instead of 20,000,000). What is the amount Qualified foreign taxes paid? What is the amount of U.S. Tax liability (before foreign tax credits, based on worldwide income)? What is the ratio (percent) of foreign source income of total worldwide income (type as 50% instead of 50 percent)? The credit is limited to the percent of foreign source income of the U.S. worldwide tax liability. Based on the U.S. tax liability and ratio of foreign income, what is the Foreign tax credit limitation