Which of the Following Statements Is FALSE

Which of the following statements is FALSE?

A) If the foreign tax rate exceeds the U.S.tax rate,companies must pay this higher rate on foreign earnings.
B) U.S.tax policy allows companies to apply the part of the tax credit that is not used to offset domestic taxes owed,so this extra tax credit is not wasted.
C) If the foreign tax rate is less than the U.S.tax rate,the company pays total taxes equal to the U.S.tax rate on its foreign earnings.
D) A full tax credit is given for foreign taxes paid up to the amount of the U.S.tax liability.