16. LO.3 Fleming, Inc., a domestic corporation, operates in both Canada and the United States. This year the business generated taxable income of $400,000 from foreign sources and $300,000 from U.S. sources. All of Fleming’s foreign-source income is in the general operating income basket. Fleming’s total worldwide taxable income is $700,000. Fleming pays Canadian taxes of $152,000. What is Fleming’s allowed FTC for the tax year? Fleming’s U.S. tax rate is 21%.