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Taxpayer pays foreign tax of $40. On Taxpayer's tax return, there is federal income tax due of $100 before considering any credits. Taxpayer has $250
Taxpayer pays foreign tax of $40. On Taxpayer's tax return, there is federal income tax due of $100 before considering any credits. Taxpayer has $250 of federal income tax withholding on their W- 2 . Based on this information, what amount of the foreign tax credit is allowed to be recognized on this tax return? $100$250$0$40
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