Question

Tina has $93,000 total taxable income, which includes $18,000 of taxable income from japan. She paid $2,200 in foreign income taxes and her u.S. Tax liability is $19,610. Tina's foreign tax credit is:

Answer 1

Answer:

Let total amount =100=100

income tax rate =x%=x%

Then, income tax amount =x=x

Net income =(100−x)=(100−x)