Business, 20.08.2019 01:30 eweqwoewoji

Jim has foreign income. he earns $26,000 from country a which taxes the income at a 20 percent rate. he also has income from country b of $18,000. country b taxes the $18,000 at a 10 percent rate. his us taxable income is $90,000, which includes the foreign income. his us income tax on all sources of income before credits is $19,000. what is his foreign tax credit?

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Jim has foreign income. he earns $26,000 from country a which taxes the income at a 20 percent rate....

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