$!$

Required Information

$[$The following information applles to the questions dlsplayed below.$]$

Sombrero Corporation, a U$.$S$.$ corporation, operates through a branch in Espania. Management projects that the company's pretax

income in the next taxable year will be $$114,200$ : $$92,000$ from U$.$S$.$ operations and $$22,200$ from the Espania branch. Espanla

taxes corporate income at a rate of $30$ percent.

Note: Do not round Intermedlate calculatlons. Round your final answer to the nearest whole dollar amount.

b$.$ Management plans to establish a second branch in Italia. Italia taxes corporate income at a rate of $10$ percent. What amount of Income will the

branch in Italia have to generate to eliminate the excess credit generated by the branch in Espania?