BoxCo,Inc ,A Domestic Corporation,owns 10% of the Stock of X

BoxCo,Inc. ,a domestic corporation,owns 10% of the stock of X and of Y,two foreign corporations that are not CFCs and pay no foreign taxes.Both X and Y earn only general limitation income.During the current year,BoxCo,Inc.receives dividend income of $50,000 from X and $80,000 from Y for the tax year (all from post-2003 E & P) .BoxCo's total taxable income for the current year is $730,000.Foreign withholding taxes of $49,000 ($5,000 on the X dividend and $44,000 on the Y dividend) and U.S.taxes of $248,200 (before FTC) are levied.What is BoxCo's allowed foreign tax credit?

A) $130,000.
B) $49,000.
C) $32,200.
D) $44,200.