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Terry Trade is an unmarried U . S . citizen who lives in the United States. During the current tax year, Terry receives $ 1

Terry Trade is an unmarried U.S. citizen who lives in the United States. During the current tax year, Terry receives $140,000 of net income from a retailing business conducted as a sole proprietorship. All of the sales transactions producing this income involve sales of inventory property. $50,000 of this income is attributable to sales of inventory within the United States, $50,000 is attributable to sales within Country C and $40,000 is attributable to sales within Country D. Terry's personal services are not a material income-producing factor in the retailing business. Terry also receives $10,000 of interest income from a bank account in a Country D bank. .. During the year, Terry pays an income tax to Country C of 20 percent ($10,000) on the net income from the retailing business conducted within Country C. Terry also pays an income tax to Country D of 50 percent ($20,000) on the net income from the retailing business conducted within Country D. Country D imposes no income tax on interest income earned by nonresident individuals. .. Assume that Terry's effective U.S. tax rate is 28 percent and ignore any standard deduction or personal exemption deduction to which Terry may be entitled. How much foreign tax will Terry be allowed to credit against her U.S. income tax? please show work

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