A USCorporation Established a 100 Percent Owned Business in Germany

A U.S.corporation established a 100 percent owned business in Germany.The U.S.corporation has U.S.source income in the current year of $300,000.The German business reports the following information for the current year: $$\begin{array} { l r } \text { German-source net income } & \$ 200,000 \\\text { German income tax } & ( 80,000 ) \\\text { Net income after taxes } & \$ 120,000 \\\text { Cash remitted to U.S. owner } & \$ 30,000 \\\text { German withholding tax } & ( 3,000 ) \\\text { Cash received by U.S. owner } & \$ 27,000\end{array}$$ Assume the business is a branch.The foreign taxes deemed paid by the U.S.corporation (before any limitations are applied) is

A) $3,000
B) $80,000
C) $83,000
D) $83,900
E) Some other amount, which is $______________