Zenon, Incorporated has the following taxable income:

U$.$S$.$ source income

Foreign source income

Taxable income

Required:

Zenon paid $$33,000$ foreign income tax. Compute its U$.$S$.$ income tax, if Zenon conducted its foreign operations through a foreign

subsidiary that made no shareholder distributions during the current year and had no GILTI or subpart F income.

Answer is complete but not entirely correct.