Sara Jones, a brilliant U$.$S$.$ citizen who developed a unique and healthy way to lose weight quickly, is encouraged by her dear friend in Country X to open a Country X business as soon as possible because the citizens and residents of Country X are among the most overweight people in the world! In a hurry to get her business started back in early $2023$ and to own an entity that shielded her from any legal liability, Sara formed a Country X corporation, Fat Loss, Inc., which for U$.$S$.$ tax purposes is a per se corporation. Country X has no income tax treaty with the United States. For $2023,$ Fat Loss, Inc. generated pre$-$tax Country X net income of $$1,000,000$ and paid the Country X corporate income tax rate of $30\%.$ On January $4,2024,$ Fat Loss, Inc. paid Sara a dividend of $$700,000.$ Sara is in the $37\%$ income tax bracket. After considering the qualified dividend income rules and the foreign tax credit rules, Sara will owe the U$.$S$.$ how much in U$.$S$.$ income tax: $($FOR PURPOSES OF THIS EXAMPLE, DISREGARD THE NET INVESTMENT INCOME TAX$).$

Group of answer choices

$$70,000$

$$0\mathrm{.}00$

$$140,000$

$$259,000$