A USCorporation Established a 100 Percent Owned Business in Germany $\quad$

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: German-source net income $\quad$$\$ 200,000$
German income $\operatorname { tax }\quad\quad ( 80,000 )$
Net income after taxes $\quad$ $\$ 120,000$
Cash remitted to U.S. owner $\quad$ $\$ 30,000$
German withholding $\operatorname { tax } \quad ( 3,000 )$
Cash received by U.S. owner $\quad \$ 27,000$ Assume the business is a foreign corporation.The U.S.corporation's worldwide taxable income (before foreign tax deductions or credits) is

A) $300,000
B) $330,000
C) $350,000
D) $380,000
E) Some other amount, which is $_______________