Spartan Corporation, a U$.$S$.$ corporation, reported $$8\mathrm{.}7$ million of pretax income from its business operations in Spartania, which were conducted through a foreign branch. Spartania taxes branch income at $15$ percent, and the United States taxes corporate income at $21$ percent.

Required:

a$.$ If the United States provided no mechanism for mitigating double taxation, what would be the total tax $($U$.$S$.$ and foreign$)$ on the $$8\mathrm{.}7$ million of branch profits?

b$.$ Assume the United States allows U$.$S$.$ corporations to exclude foreign source income from U$.$S$.$ taxation. What would be the total tax on the $$8\mathrm{.}7$ million of branch profits?

c$.$ Assume the United States allows U$.$S$.$ corporations to claim a deduction for foreign income taxes. What would be the total tax on the $$8\mathrm{.}7$ million of branch profits?

d$-1.$ Assume the United States allows U$.$S$.$ corporations to claim a credit for foreign income taxes paid on foreign source income. What would be the total tax on the $$8\mathrm{.}7$ million of branch profits?

d$-2.$ Assume the United States allows U$.$S$.$ corporations to claim a credit for foreign income taxes paid on foreign source income. What would be your answer if Spartania Note: For all requirements, enter your answers in dollars and not in millions of dollars.Note: For all requirements, enter your answa. Total tax $$3,132,000$selected answer correct

b$.$ Total tax $$1,305,000$selected answer correct

c$.$ Total tax $$1,552,950$selected answer incorrect

d$-1.$ Total tax $$247,950$selected answer incorrect

d$-2.$ Total tax $$1,305,000$ wrong