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Tony Pine earned a foreign interest income of $7,000 in 2021. A 15% tax was withheld by the foreign country. Tony's total taxable income for
Tony Pine earned a foreign interest income of $7,000 in 2021. A 15% tax was withheld by the foreign country. Tony's total taxable income for the year was $80,000, and the tax payable was calculated at $10,500. How much is Tony's foreign tax credit? (Rounded)
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