During the Year, Purple Corporation (A U

Multiple Choice

During the year, Purple Corporation (a U.S. Corporation) has U.S.-source income of $1,800,000 and foreign income of $600,000. The foreign-source income generates foreign income taxes of $150,000. The U.S. income tax before the foreign tax credit is $816,000. Purple Corporation's foreign tax credit is:

A) $112,500.
B) $150,000.
C) $204,000.
D) $816,000.