Britta, Inc., a U.S.corporation, reports foreign-source income and pays foreign taxes as follows. Britta's worldwide taxable income is $1,600,000 and U.S.taxes before FTC are $336,000 assume a 21% tax rate).What is Britta's U.S.tax liability after the FTC?

Question

Britta, Inc., a U.S.corporation, reports foreign-source income and pays foreign taxes as follows.  Britta's worldwide taxable income is $1,600,000 and U.S.taxes before FTC are $336,000 assume a 21% tax rate).What is Britta's U.S.tax liability after the FTC?

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The Answer of Britta, Inc., a U.S.corporation, reports foreign-source income and pays foreign taxes as follows.  Britta's worldwide taxable income is $1,600,000 and U.S.taxes before FTC are $336,000 assume a 21% tax rate).What is Britta's U.S.tax liability after the FTC?