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Saginaw Steel Corporation has a precredit U . S . tax of $ 1 2 3 , 0 0 0 on $ 5 1 8
Saginaw Steel Corporation has a precredit US tax of $ on $ of taxable income. Saginaw has $ of foreign source taxable income and paid $ of income taxes to the German government on this income. All of the foreign source income is treated as foreign branch income for foreign tax credit purposes. Saginaw's foreign tax credit on its tax return will be:
Note: Do not round intermediate calculations. Round your answer to nearest whole dollar amount.
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$
$
$
$
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