Wall Inc., a US corporation, owns 100% of the following subsidiaries.

Floor Inc. a foreign corporation organized in Germany

Ceiling Inc., a foreign corporation organized France

Floor buys product from Wall and sells it to Ceiling. It earned pre-tax income of $5,000 on such sales and paid $1,000 of tax. Floor has no depreciable tangible assets.

Ceiling sells the product it buys from Floor to customers located in France. It earns $6,000 pre-tax income on such sales and pays $1,250 on such income. Ceiling has $1,000 of basis in its tangible depreciable assets.

What amount of Subpart F income does Wall need to include?

What is the total income inclusion Wall has to pick up assuming Wall takes a foreign tax credit?

What is Walls US tax obligation after foreign tax credits?