Multiple Choice
Carlotta has $50,000 foreign-source income and $150,000 total worldwide income.Her U.S.tax on her worldwide income is $30,175,and she paid foreign taxes of $16,000.What is the Carlotta's foreign tax credit?
A) $5,942
B) $10,058
C) $16,000
D) $5,333
Correct Answer:
Verified
Correct Answer:
Verified
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