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Compute blunts us tax liability after any available ftcs

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Question

Blunt, Inc., a U.S corporation, earned $600,000 in total taxable income, including $80,000 in foreign-source taxable income from its German branch's manufacturing operations and $30,000 in foreign-source taxable income form its Swiss branch's engineering services operations.

Blunt paid $20,000 in German income taxes and $1,800 in Swiss income taxes. Compute Blunt's U.S tax liability after any available FTCs. Blunt's Federal income tax rate is 21%.

Reference no: EM132317017

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