Multiple Choice
Brian and Clara paid $4,350 in foreign income taxes to Mexico.Their total income was $105,000,which included $16,000 of foreign income.Their U.S.tax liability is $22,750.How much can Brian and Clara claim as foreign tax credit?
A) $0.
B) $3,467.
C) $4,350.
D) $16,000.
Correct Answer:
Verified
Correct Answer:
Verified
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