The Johnson Company has foreign branches in Thailand, with a 20% corporate income tax rate and a 10% withholdings rate, and Greece, with a 30% corporate tax rate and no withholdings rate.Each branch has gross income of $1,000,000 and remits all profits to Johnson Company.The Johnson Company is a US corporation with a tax rate of 21%.

Calculate the following foreign taxes paid, the foreign tax credit limitation, the foreign tax credit allowed, the amount of any excess foreign taxes paid, if any, and the US tax liability.