Wonder World, Inc. $($Wonder$),$ a U$.$S$.$ C$-$Corporation with a calendar year end, manufactures widgets in its plant in Saugatuck, Michigan.$$ On January $1,2024,$ Wonder forms a wholly$-$owned subsidiary in the United Kingdom $($UK$),$ PilotOne Limited $($PilotOne$),$ which also has a calendar year end and is treated as a foreign corporation for U$.$S$.$ tax purposes. PilotOne purchases widgets $($manufactured in the U$.$S$.)$ from its parent company Wonder, which it markets, sells, and distributions throughout the UK$.$ In calendar year $2024,$ PilotOne generated $$2,500,000$ of foreign$-$source taxable income, under U$.$S$.$ tax principles, and paid $$450,000$ of U$.$K$.$ corporate income tax, resulting in CFC tested income of $$2,050,000.$ For the record, Wonder is not a U$.$S$.$ shareholder in any other foreign corporation.$$ Also, for calendar year $2024,$ PilotOne$$s Qualified Asset Business Investment $($QABI$)$ was $$500,000.$ Neither Wonder or PilotOne incurred any interest expense; i$.$e$.,$ both companies are debt$-$free. $$ In calendar year $2024,$ Wonder$$s deduction eligible income $($DEI$)$ was $$120,000,000,$ and its foreign$-$derived deduction eligible income $($FDDEI$)$ was $$24,000,000.$ Also, for calendar year $2024,$ Wonder$$s Qualified Asset Business Investment $($QABI$)$ was $$800,000,000.$ Assume that Wonder$$s $2024$ corporate income tax return only includes deduction eligible income and its Global Intangible Low$-$Taxed Income $($GILTI$)$ inclusion from PilotOne, plus the IRC Section $78$ gross$-$up for foreign taxes paid.$$ Furthermore, no deductible U$.$S$.-$based expenses are allocated and apportioned against the GILTI inclusion.$$ Also, assume the flat U$.$S$.$ corporate income tax rate is $21$ percent. $($a$.)$ Calculate Wonder$$s Global Intangible Low$-$Taxed Income $($GILTI$)$ inclusion. $(2$ points$)($b$.)$ Calculate Wonder$$s Foreign$-$Derived Intangible Income $($FDII$)$ deduction. $(2$ points$)($c$.)$ Calculate Wonder$$s U$.$S$.$ taxable income and the U$.$S$.$ residual tax, if any, due after taking an IRC Section $960$ deemed foreign tax credit. $(2$ points$)$