A Corporation Has $100,000 of U

Multiple Choice

A corporation has $100,000 of U.S.source taxable income and $300,000 of foreign source taxable income from countries X and Y for a total worldwide taxable income of $400,000.Countries X and Y levy a total of $60,000 in foreign taxes upon the foreign source taxable income.U.S.taxes before credits are $140,000.The foreign tax credit limitation is

A) $35,000.
B) $60,000.
C) $80,000.
D) $105,000.