Same as Problem 34, except that Jimenez paid $2 million in income taxes to other countries. Problem

Question:

Same as Problem 34, except that Jimenez paid $2 million in income taxes to other countries.
Problem 34
Jimenez Enterprises is incorporated in Arkansas. It generated a $5 million profit on its overseas operations this year. Jimenez paid $1 million in income taxes to various countries on these profits. Jimenez's marginal Federal income tax rate is 35%. Compute the Jimenez foreign tax credit and carryovers for the year.