Solar Technologies (ST) is the wholly-owned Taiwanese subsidiary of United Renewable Energy (URE) Inc., a U.S. firm. Last year, TST had $1,000,000 of taxable income and remitted 100% of the after-tax income to URE as dividends. The corporate tax rate in Taiwan was 25%, and the foreign withholding tax rate on dividends was 10%. The corporate tax rate for the parent company in the U.S. was 30%. Calculate the tax liability and the excess foreign tax credit for URE, the U.S. parent company.