Klein, a domestic corporation, receives a $10,000 dividend from ForCo, a wholly owned foreign corporation. The deemed-paid

Question:

Klein, a domestic corporation, receives a $10,000 from ForCo, a wholly owned foreign corporation. The deemed-paid (indirect) foreign tax credit associated with this is $3,000. What is the total gross income included in Klein's tax return as a result of this
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...